The Logos Corporation Is Planning On Issuing Bonds That Pay No Interest But Can Be Converted Into $1,000 At Maturity, 7years From Their Purchase. To Price These Bonds Competitively With Other Bonds Of Equal Risk, It Is Determined That They Should Yield 9

The Logos Corporation is planning on issuing bonds that pay no interest but can be converted into $1,000 at maturity, 7 years from their purchase. To price these bonds competitively with other bonds of equal risk, it is determined that they should yield 9 percent, compounded annually. At what price should the Logos Corporation sell these bonds?

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