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Question 11 (10 points) [Exam 3 - Bond price] Kindle, Inc., has 9.3 percent coupon bonds on the market that have 12 years left to
Question 11 (10 points) [Exam 3 - Bond price] Kindle, Inc., has 9.3 percent coupon bonds on the market that have 12 years left to maturity. The bonds make annual payments and have a par value of $1,000. If the yield to maturity (YTM) on these bonds is 12 percent, what is the current bond price? Instruction: Round answer to the nearest integer (no decimal). Do not include $. positive (+) or negative (4) sign
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