Business, 24.02.2020 17:28, naiajNan

BLU-DAY Co. is currently issuing a $1,000 face-value bond that has an annual coupon of 6% and matures in 10 years. Interest payments are made annually. If the yield to maturity is 8%, then what is the current price of the bond? Round to the nearest cent. Do not a dollar sign in your answer. (i. e. If your answer is $432.51, then type 432.51 without $ sign)

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BLU-DAY Co. is currently issuing a $1,000 face-value bond that has an annual coupon of 6% and mature...