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Grohl Co. issued 14-year bonds a year ago at a coupon rate of 9 percent. The bonds make semiannual payments. If the YTM on these

Grohl Co. issued 14-year bonds a year ago at a coupon rate of 9 percent. The bonds make semiannual payments. If the YTM on these bonds is 9 percent, what is the current bond price?

rev: 09_18_2012

Multiple Choice

$1,010.00
$651.62
$1,005.00
$1,685.60
$1,000.00

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