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    Leggio Corporation issued 20-year, 7% annual coupon bonds at

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    Leggio Corporation issued 20-year, 7% annual coupon bonds at their par value of $1,000 one year ago. Today, the market interest rate on these bonds has dropped to 6%. What is the new price of the bonds, given that they now have 19 years to maturity?

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    https://brainmass.com/business/bond-valuation/leggio-corporation-issued-20-year-7-annual-coupon-bonds-at-433386

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    Leggio Corporation issued 20-year, 7% annual coupon bonds at their par value of ...

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    Leggio Corporation issued 20-year, 7% annual coupon bonds at their par value of $1,000 one year ago. Today, the market interest rate on these bonds has dropped to 6%. What is the new price of the bonds, given that they now have 19 years to maturity?

    $2.19

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