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The Peach Pit issued a 30-year bond with a 12% coupon (S.E.), $1,000 par, and a comparable yield of 8.8% exactly 5 years ago. Furthermore,
The Peach Pit issued a 30-year bond with a 12% coupon (S.E.), $1,000 par, and a comparable yield of 8.8% exactly 5 years ago. Furthermore, Brandon tells you the bond can be called in 5 years at a call price of $1,080. What is this bond's fair price assuming the investor holds onto the bond till the end of the maturity? $1,336.18 O $1,321.40 0 $1,319.48 $1,341.05
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