assignmentcafe.com – If the interest rate in the market is currently 4.5%, calculate the current market price of this bond./2022

assignmentcafe.com –

 

The Gab corporation bonds are currently selling in the market. These bonds have 7 years left to maturity and have a coupon rate of 6.53% paid annually. If the interest rate in the market is currently 4.5%, calculate the current market price of this bond.

 

 

 

Group of answer choices

 

 

 

$1,119.62

 

 

 

$1,087.39

 

 

 

$959.60

 

 

 

$1147.21

 

 

 

$887.39