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QUESTION 11 Everest Plc has issued corporate bonds with a par value of 1,000 and a coupon interest rate of 5%. The bonds are due

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QUESTION 11 Everest Plc has issued corporate bonds with a par value of 1,000 and a coupon interest rate of 5%. The bonds are due to mature in 5 years time (i.e. there will be 5 years of interest payments). Calculate the value of one bond today to an investor with a 12% required rate of return (to the nearest euro) 500 3,633 1,000 747

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