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The Kiplan Company has a bond outstanding with a face value of $1000 that reaches maturity in 15 years. The bond certificate indicates that the
The Kiplan Company has a bond outstanding with a face value of $1000 that reaches maturity in 15 years. The bond certificate indicates that the stated coupon rate for this bond is 8% and that the coupon payments are to be made semiannually. Assuming the appropriate YTM on the Kiplan bond is 7.5%, then the price that this bond is: (Please write the answer as an integer number, e.g. write "$10.12" as "10")
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