Canal Electric Inc. recently issued 10-year, $1,000 par value bonds

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CANAL ELECTRIC INC. RECENTLY ISSUED 10-YEAR,
1,000 PAR VALUE BONDSTUTORIALOUTLET.COM
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Canal Electric Inc. recently issued 10-year,
1,000 par value bonds

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• a. Without any calculations, and knowing the
  relationship between bonds and interest rates,
  what would you expect for the price of the
  bond? Explain why.
• b. At what price are the bonds selling? Hint
  remember these were 10 year bonds when issued.

3
CANAL ELECTRIC INC. RECENTLY ISSUED 10-YEAR,
1,000 PAR VALUE BONDSTUTORIALOUTLET.COM