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TB 07-45 J&J Manufacturing just issued a bond wit... J&J Manufacturing just issued a bond with a $1,000 face value and a coupon rate of

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TB 07-45 J&J Manufacturing just issued a bond wit... J&J Manufacturing just issued a bond with a $1,000 face value and a coupon rate of 7%. If the bond has a life of 30 years, pays annual coupons and the yeld to maturity s6 what will the bond sell for? Multiple Choice $1,000.00 $1.111 81 $1,025 32 $975 18 $108725

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