QUESTION 13 HCA Inc, has bonds outstanding that have 19 years left until maturity. These bonds carry a coupon rate of
7.0%
, paid annually, on their par value of
$1,000
. The market interest rate on these bonds (same as yield to maturity) is
8.0%
. What is the current price of the bonds?
$904
$975
$1,052 $1,134
$1,223
$1,319
$1,423
$1,535