What is the bond''s current value

Reference no: EM131394070

Eight years ago, Over-the -Top Trampolines issued a 15-year bond with a $1,000 par value and a 6 percent coupon rate (interest is paid annually). Today the going rate of interest on similar bonds is 6 percent.

(a) What is the bond's current value? If the market rate stays at 6 percent for the remainder of the bond's life, what

(b) current yield and

Reference no: EM131394070

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