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Nungesser Corporation outstanding bonds has a $1,000 par value, a 22.00% coupon rate, 5 year maturity, and 17.0% YTM. What is the bond's price assuming
Nungesser Corporation outstanding bonds has a $1,000 par value, a 22.00% coupon rate, 5 year maturity, and 17.0% YTM. What is the bond's price assuming that coupon payments are made semiannually?
A.) $1,164.03
B.) $1,159.97
C.) $ 1,531.97
D.) $ 720.48
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