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Klingsman National Brand has bonds that are rated AA by Standard and Poors. The yield to maturity on AA bonds at the moment is 6.62%.

Klingsman National Brand has bonds that are rated AA by Standard and Poors. The yield to maturity on AA bonds at the moment is 6.62%. You are trying to value a Klingsman bond that has 11.00 years until maturity and pays a 8.75% coupon. The bond has a $1,000 face value.

What is the current price of this Klingsman National bond?

Round to: 2 decimal places.

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