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Question 4 O out of 8 points The Sherman Compny issues some bonds with a maturity of 12-years and with an annual coupon rate of

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Question 4 O out of 8 points The Sherman Compny issues some bonds with a maturity of 12-years and with an annual coupon rate of 8.1%. but the bond pays coupon payments semi-annually!! The interet rate is 7% per year. Calculate the price per $1,000 face value for this bond ithe the nearest cent. Selected Answer: 661.65 Correct Answer: 1,088.32 + 0.1

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