FTC Capital recently issued bonds that mature in 14 years. They have a par value of...
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FTC Capital recently issued bonds that mature in 14 years. They have a par value of $1,000 and have an annual coupon of 4.75%. If the current market interest rate is 5.2%, at what price should the bond sell? FTC Capital recently issued bonds that mature in 14 years. They have a par value of $1,000 and have an annual coupon of 4.75%. If the current market interest rate is 5.2%, at what price should the bond sell?
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