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QUESTION 18 Unit 7: XYZ Corp. issued a 6% coupon, $1,000 par, 30 year bond. It is now 6 years to maturity. What is the

QUESTION 18

Unit 7: XYZ Corp. issued a 6% coupon, $1,000 par, 30 year bond. It is now 6 years to maturity. What is the price of the bond if the yield to maturity [market interest rate] is 10%?

$1,000

$825.46

$705.33

$1,091.52

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