Bond in its capital structure

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Lesh Inc. has a bond in its capital structure that has 18 years to maturity left. The bond has a 7.00% coupon paid annually, and has a par value of $1,000. If investors want to receive 8% from this bond, the bond price should be:

Reference no: EM131328409

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Bond in its capital structure : Lesh Inc. has a bond in its capital structure that has 18 years to maturity left. The bond has a 7.00% coupon paid annually, and has a par value of $1,000. If investors want to receive 8% from this bond, the bond price should be:
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