Regatta Ltd has six-year bonds outstanding that pay an 8.25 percent

Regatta Ltd has six-year bonds outstanding that pay an 8.25 percent

Regatta Ltd has six-year bonds outstanding that pay an 8.25 percent coupon rate. Investors buying the bond today can expect to earn a yield to maturity of 6.875 percent. What should the company’s bonds be priced at today? Assume annual coupon payments. (Round to the nearest dollar.)


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