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. J&J Manufacturing issued a bond with a $1,000 par value. The bond has a coupon...

. J&J Manufacturing issued a bond with a $1,000 par value. The bond has a coupon rate of 6% and makes payments semiannually. If the bond has 15 years remaining and the annual market interest rate is 7.2%, what will be bond sell for today?

A. $1,435.93              B. $789.12                 C. $892.07                 D. $891.02

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Answer #1

the answer is option D..I have solved this using BA-II plus calculator.I also used a formulae to calculate this.

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