[Solved] Trang has an 8%, $20,000 put bond with a

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Trang has an 8%, $20,000 put bond with a remaining term to maturity of 18 years. The put bond includes an option for the bondholder

Trang has an 8%, $20,000 put bond with a remaining term to maturity of 18 years. The put bond includes an option for the bondholder to redeem the bond at par-value at the end of the year in three years. Interest rates are currently 10%.

What price is this bond currently trading at?

What is the implied price of the put option?

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