Current price of shield corporation bond

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Reference no: EM131907810

The Shield Corporation has BB-rated bonds with a yield to maturity of 6.26% APR. A U.S Treasury, with the same maturity, currently has a yield to maturity of 4.22% APR. Both bonds pay semi-annual coupons at a 6.72% APR and have 5.00 years until maturity. (assume $1,000 face value). What is the current price of the Shield Corporation bond?

Reference no: EM131907810

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