What is the current price of the firm bonds for disney

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Problem 1: Disney issued a 30-year bond with a par value of $1,000, last year, with a coupon that pays $35 annually. At the time of issue, the bonds sold at par. Assuming semi-annual payments and a 4.125% yield to maturity, what is the current price of the firm's bonds? (Select the closest number)

a. $978.59
b. $978.97
c. $978.79
d. $987.60

Reference no: EM132769492

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