Regatta, Inc. has six-year bonds outstanding that pay a 8.25 percent coupon rate. Investors buying the bond can expect to earn a yield to maturity of 6.875 percent. What should the company’s bonds be priced at today? Assume annual coupon payments. (Round to the nearest dollar.)

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Regatta, Inc. has six-year bonds outstanding that pay a 8.25 percent coupon rate. Investors buying the bond can expect to earn a yield to maturity of 6.875 percent. What should the company’s bonds be priced at today? Assume annual coupon payments. (Round to the nearest dollar.)

"Get 15% discount on your first 3 orders with us"
Use the following coupon
"FIRST15"

Order Now