Question 17 4 pts Mistadabolina Inc. currently has outstanding bonds with a $1000 par value,...
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Question 17 4 pts Mistadabolina Inc. currently has outstanding bonds with a $1000 par value, 8 years to maturity, and a coupon rate of 5.5%, paid semiannually. The credit spread for this firm's BBB-rated, 8-year debt is 5%. Treasury notes with the same maturity as the firm's debt are currently trading with a YTM of 2%. (Keep in mind how YTM is quoted.) What should be the price of Mistadabolina's outstanding 8-year bonds? Answer in dollars and cents. Do not include the $ sign
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