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Grohl Co. issued 11-year bonds a year ago at a coupon rate of 12 percent. The bonds make semiannual payments. If the YTM on these

Grohl Co. issued 11-year bonds a year ago at a coupon rate of 12 percent. The bonds make semiannual payments. If the YTM on these bonds is 11 percent, what is the current bond price?

rev: 09_18_2012

Multiple Choice

$1,045.46
$1,069.75
$1,059.75
$1,661.27
$645.74

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