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George Inc. just is offering a 1 0 - year bond at a price of $ 1 0 0 0 . 0 0 ( not
George Inc. just is offering a year bond at a price of $not necessarily the value The bond has a coupon rate of and pays the coupon annually. Similar bonds in the market offers a yield of today. Should you buy the bonds at the offered price? Round to the nearest dollar.
a Yes, the bond is worth $
b No the bond is only worth $
c Yes, the bond is worth more than $
d No the bond is only worth $
e Additional information is needed.
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