Due to a number of lawsuits related to toxic wastes, a major chemical manufacturer has recently experienced a market reevaluation. The firm has a bond issue outstanding with 15 years to maturity and a coupon rate of 8 percent, with interest being paid semiannually. The face value of the bond is $1,000. The required simple rate of return on this debt has now risen to 16 percent. What is the current value of this bond?

The bonds now is being traded at $758.63

Explanation:

We have to discount the coupon payment and maturity at he market rate:

Present value of the coupon payment

Coupon payment $1,000 x 8%/2 =40.00

time 15 years x 2 =  30

rate0.08

PV$450.3113

Present value of the maturity:

Maturity  $1,000

time  30

rate  0.04

PV   308.3187

PV c$450.3113

PV m  $308.3187

Total$758.6300

d) social security number

let me know if i am correct or not, so i can edit the answer.

answer; /// multipotentialite means a person who have many different interests and creative pursuits in life; (one true calling);

polymath; means a person   of wide-ranging knowledge or learning;

scanner; means; a device that captures images from photographic prints,posters,magazine pages.ect;