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You are looking to invest in Hershey 8% coupon 10-year bonds issued 3 years ago. You require a YTM of 12.35%. You will buy 20
You are looking to invest in Hershey 8% coupon 10-year bonds issued 3 years ago. You require a YTM of 12.35%. You will buy 20 bonds. How much are you willing to pay for the 20 bonds? Round to the nearest $ and use the $ symbol. (Hint....answer should be a number between $500 and $25,000 and should be very close to a nice round number.
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