With celebrity bonds celebrities raise money by issuing bonds to investors. the royalties from sales of the music are used to pay interest in principles on the bonds. in April 2009 EMI announced that it intended to securitize it's back catalog with the help of the bank Scotland. the bond was issues with the coupon rate of 6.6% it will mature on this day 27 years from now. the yield of the bond is currently 6.35%. at what price should this bond trade for today assuming a face value of $1000 and annual coupons?