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The Procter & Gamble Company offers a bond which pays a coupon of 19 percent with semiannual payments. The bonds have a yield to maturity

The Procter & Gamble Company offers a bond which pays a coupon of 19 percent with semiannual

payments. The bonds have a yield to maturity of 15.78 percent and they mature in 12 years. If the

bonds have a face value of $5,000 how much will the bonds sell for in the market?

54,25771

$5,610.13

$5,84444

$3,069.24

$5,855.40

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