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QUESTION 49 Ryngaert Inc. recently issued Doncallable bonds that mature in 15 years. They have a par value of $1,000 and an annual coupon of
QUESTION 49 Ryngaert Inc. recently issued Doncallable bonds that mature in 15 years. They have a par value of $1,000 and an annual coupon of 5.7%. If the current market interest rate is 7.0%, at what price should the bonds sell? a. 5817.12 Ob.$838.07 O $859.56 Od: 5881.60 O e. $903.64 QUESTION 50 Morin Company's bonds mature in 8 years, have a par value of $1,000, and make an annual coupon interest payment of $65. The market requires an interest rate of 8.2% on these bonds. What is the bond's price! a $903.04 6.5925,62 OC $948,76 d.5972.18 Oe. $996.79
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