Business
Business, 09.07.2019 06:10, Bangggggg6

Even though most corporate bonds in the united states make coupon payments semiannually, bonds issued elsewhere often have annual coupon payments. suppose a german company issues a bond with a par value of €1,000, 20 years to maturity, and a coupon rate of 7 percent paid annually. if the yield to maturity is 8.1 percent, what is the current price of the bond? (do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.)

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