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A 20-year, $1,000 par value bond has a 7% annual payment coupon. The bond currently...

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A 20-year, $1,000 par value bond has a 7% annual payment coupon. The bond currently sells for $870. If the vield to maturity remains at the current rate, what will the price be 10 years from now? Your answer should be between 770.15 and 1.026.90, rounded to 2 decimal places, with no special characters Question 17 5 pts Kidder Corporation's balance sheet shows an historical book value for long- term debt (bonds, at par) of $23,500,000. The bonds have an 6.4% coupon rate, payable semiannually, and a par value of $1,000. They mature exactly 10 years from today. The yield to maturity is 9.75%, so the bonds now sell below par. What is the current market value of the firm's debt? Hint: Calculate the price of the bonds, and multiply by number of bonds (book value 1,000) to calculate market value

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