Question: Wildhorse, Inc., has issued a three - year bond that pays a coupon rate of 9 . 4 0 percent. Coupon payments are made semiannually.

Wildhorse, Inc., has issued a three-year bond that pays a coupon rate of 9.40 percent. Coupon payments are made semiannually. Given the market rate of interest of 4.80 percent, what is the market value of the bond? Assume face value is $1,000.(Round answer to 2 decimal places, eg.15.25.)
Market value
Wildhorse, Inc., has issued a three - year bond

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