Thirty-year B-rated bonds of Parker Optical Company were initially issued at a 12 percent yield. After 5 years the bonds have been upgraded to Aa2. Such bonds are currently yielding 10 percent to maturity. Use Table 16-2.

Determine the price of the bonds with 25 years remaining to maturity.

Thirtyyear Brated bonds of Parker Optical Company were initially issued at a 12 percent yield After 5 years the bonds have been upgraded to Aa2 Such bonds are c class=