Coupon rate-what is the current bond price

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Great Wall Pizzeria issued 14-year bonds one year ago at a coupon rate of 8.4 percent. If the YTM on these bonds is 9.4 percent, what is the current bond price? (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "$" sign in your response.)

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Reference no: EM13808105

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Coupon rate-what is the current bond price : Great Wall Pizzeria issued 14-year bonds one year ago at a coupon rate of 8.4 percent. If the YTM on these bonds is 9.4 percent, what is the current bond price?

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