Ken Williams Ventures’ recently issued bonds that mature in 15 years. They have a par value of $1,000 and an annual coupon of 6%.

Ken Williams Ventures’ recently issued bonds that mature in 15 years. They have a par value of $1,000 and an annual coupon of 6%. If the current market interest rate is 8%, at what price should the bonds sell?

Ken Williams Ventures’ recently issued bonds that mature in 15 years. They have a parvalue of $1,000 and an annual coupon of 6%. If the current market interest rate is 8%, atwhat price should the…