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Question 6 (1.6 points) Sunshine Corp. has 10% coupon bonds on the market that have 10 years left to maturity. The bonds make annual payments.

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Question 6 (1.6 points) Sunshine Corp. has 10% coupon bonds on the market that have 10 years left to maturity. The bonds make annual payments. If the yield to maturity on these bonds is 8%, what is the current bond price? 1) $614.46 2) $1,210.71 3) $1,134,20 4) $875.78

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