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Things Get Messi Enterprises is issuing new bonds for a capital budgeting project. The bonds will have 25,00 year maturities with a coupon rate of

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Things Get Messi Enterprises is issuing new bonds for a capital budgeting project. The bonds will have 25,00 year maturities with a coupon rate of 6.75% APR with semi-annual coupon payments (assume a face value of $1,000 on the bond). The current market rate for similar bonds is 6.80% APR. The company hopes to raise $50.00 million with the new issue. Based on the current market rate, what will a new bond sell for? Answer format: Currency: Round to: 2 decimal places. A couple purchased a bond for $950.00 three years ago. The bond pays 6.875% APR with semi-annual coupons with a face value of $1,000. Currently, the bond has exactly 10 years until maturity, and investors seek a return of 12.00% APA on bonds of similar risk. What is the current price of the bond? Answer format: Currency: Round to: 2 decimal places

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