Best writers. Best papers. Let professionals take care of your academic papers

Order a similar paper and get 15% discount on your first order with us
Use the following coupon "FIRST15"
ORDER NOW

General Mills has a $1,000 par value, 21-year to maturity bond

/in /by

General Mills has a $1,000 par value, 21-year to maturity bond outstanding
with an annual coupon rate of 11.78 percent per year, paid semiannually. Market interest rates on similar bonds are 12.10 percent. Calculate the bond’s price today.
Round the answer to two decimal places.

 
Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"