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Use the following bond quotes to answer the question. Issuer Name Coupon Pear Communications 6.785 Edison Electronics 7.545 Maturity Nov-2038 Jul-2040 High 99,657 102.854 Low
Use the following bond quotes to answer the question. Issuer Name Coupon Pear Communications 6.785 Edison Electronics 7.545 Maturity Nov-2038 Jul-2040 High 99,657 102.854 Low 98.456 100.156 Last 99.325 101.985 Change +0.007 +0.010 a. What is the current price of a $1,000 face value Pear Communication's bond? b. Edison Electronics's bond pays interest semi-annually. You've purchased 5 of these bonds. How much will you receive as your next coupon payment
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