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Grohl Co. issued 8-year bonds a year ago at a coupon rate of 6 percent. The bonds make semiannual payments. If the YTM on these

Grohl Co. issued 8-year bonds a year ago at a coupon rate of 6 percent. The bonds make semiannual payments. If the YTM on these bonds is 7 percent, what is the current bond price?

rev: 09_18_2012

Multiple Choice

$970.63
$945.40
$815.71
$1,386.22
$955.40

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