Great Wall Pizzeria issued 10-year bonds one year ago at a coupon rate of 6.3 percent. If the YTM on these bonds is 8.5 percent, what is the current bond price

the current bond price is $865.38

Explanation:

The computation of the current bond price is shown below:

Given that

NPER is = 10 - 1 = 9

RATE is 8.5%

We assume the future value be $1,000

SO, the coupon i.e. PMT is = $1,000 × 6.3%

the formula is shown below:

=-PV(RATE,NPER,PMT,FV,TYPE)

After applying the above formula, the current bond price is $865.38

answer; 33,000;

administrative jobs normally have someone answering phone calls and scheduling appointments, filing patient or customer information, making sure the front of the office looks nice to those who enter the building. administrative jobs can also include making sure the manager has everything they need for meetings, making delivers and much more. administrative jobs are important to most businesses as are customer service focused as they are often one of the first impressions a consumer sees of a business.