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On April 28, 2019, Rock a pack Corporation needed to raise money for future ventures and decided to issue $100 bonds with a 9% coupon
On April 28, 2019, Rock a pack Corporation needed to raise money for future ventures and decided to issue $100 bonds with a 9% coupon and a maturity date of April 28, 2024. Today, April 29, 2021, the bonds are trading at $10 under par and you buy one:If you keep the Rockapack bond to maturitywhat would be the net total payout (payout minus price of purchase)?
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