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Moody Corp issued a 10 year $1,000 par value bond with a 12 percent coupon rate. The discount rate for similar bonds is 8 percent.

Moody Corp issued a 10 year $1,000 par value bond with a 12 percent coupon rate. The discount rate for similar bonds is 8 percent. How much will James pay for the bond?
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Moody Corp issued a 10 year $1,000 par value bond with a 12 percent coupon rate. The discount rate for similar bonds is 8 percent. How much will James pay for the bond

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