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Question 8 < Winn Company's bonds mature in 7 years, have a par value of $5,000, and have an annual coupon rate of 5.5%.
Question 8 < Winn Company's bonds mature in 7 years, have a par value of $5,000, and have an annual coupon rate of 5.5%. The market requires an interest rate of 8.21% on these bonds. What is the bond's price? N = I/Y = PV = $ PMT=$ % (enter as you would on calculator, 10.25 for 10.25%) FV = $ NOTES: 1. Please provide your calculator inputs and output as follows: N=, I/Y= (as %), PV, PMT =, FV = ... Remember, your CY and PY calculator values should be set to 1. 2. Please enter ALL numbers as POSITIVE numbers even though one or more of your numbers may be negative in your calculator! Submit All Parts
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