Price of Firm’s Bonds Assignment
February 20th, 2020
6. In 2014, AT&T issued 10-year bonds with a coupon that pays $93.75 annually.
At the time of the issue, the bonds sold at par. Today, bonds of similar risk and maturity must pay an annual coupon of 7.25% to sell at par value. Assuming semi-annual payments and a 7.25% yield to maturity, what is the current price of the firm's bonds? as per financial calculator, What is pv=?, i/y+?,n=?, PMT=?, FV=? .