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Homework 3 Homework . Due in 2 days 10/10 answered Question 4 Homework. Answered Suppose you structured a bond deal for Kanye West that paid

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Homework 3 Homework . Due in 2 days 10/10 answered Question 4 Homework. Answered Suppose you structured a bond deal for Kanye West that paid him $20 million upfront, with future royalties and streaming revenues from his past albums going towards payments to bondholders. Each bond has a face value of $1,000 and a coupon rate of 7.5% with semi-annual coupons. If the bonds have 10 years remaining until maturity and the current yield to maturity is 9.5%, how much is the bond worth? Round to the nearest cent

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