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Smyrna Corp has outstanding bonds with a 5% coupon rate, 6 years remaining until maturity, and a yield-to-maturity of 9.7% What is the bond price,
Smyrna Corp has outstanding bonds with a 5% coupon rate, 6 years remaining until maturity, and a yield-to-maturity of 9.7% What is the bond price, assuming semi-annual coupon payments? Express your answer as a percentage of par rounded to four decimal placesThat is, if the answer is 101.3528% of par valueenter 101.3528
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