Question great wall pizzeria issued 7-year bonds one year, Ask an Expert

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Question: Great Wall Pizzeria issued 7-year bonds one year ago at a coupon rate of 6.5 percent. If the YTM on these bonds is 8.6 percent, what is the current bond price? (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "tiny_mce_markerquot; sign in your response.) The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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