What should be the market price of buner’s bond

Reference no: EM131394057

Buner Corp.'s outstanding bond, which has a coupon rate equal to 8 percent and a $1,000 face value, matures in six years. If investors require a rate of return equal to 12 percent on similar bonds and interest is paid semiannually, what should be the market price of Buner's bond?

Reference no: EM131394057

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