What is the current price for bond

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Hp is planning to issue a new round of bond financing to raise capital for future acquisitions in an attempt to diversify from only providing video communications. These bonds will be $1,000 face value, semiannual coupon bonds with a Coupon Rate of 4.4% and will mature in 7 years. The Yield to Maturity (market rate of interest) being demanded by bond investors increased since the investment bankers set the coupon rate due to expected future inflation, declining risks of future pandemics and a slightly lower bond rating for Hp. The current YTM is 4.75%. What is the current price for this bond?

Reference no: EM133061070

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