Pureen Corp recently issued 2 million bonds. Each bond has a face value of $100 000. The

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Pureen Corp recently issued 2 million bonds. Each bond has a face value of $100 000. The bonds pay a coupon rate of 7.7 % p.a., paid quarterly. When the bonds were issued, they had a maturity of 9.4 years and yield to maturity of 4% p.a. compounded quarterly. For what price was each bond sold when issued? Enter your answer to the nearest cent (two decimal places).v

Posted Date: Jul 11, 2024 08:09 AM

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Pureen Corp recently issued 2 million bonds. Each bond has a face value of $100 000. The

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