6. 6. Bond prices [LO 7.2] Patonga Ferry Services issued 15-year bonds a year ago at a...
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6. 6.
Bond prices [LO 7.2] Patonga Ferry Services issued 15-year bonds a year ago at a coupon rate of 4.9 per cent. The bonds make semiannual payments and have a face value of $1 000. If the YTM on these bonds is 4.5 per cent, what is the current bond price?
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Related Book For 
Fundamentals Of Corporate Finance
ISBN: 9781743768051
8th Edition
Authors: Stephen A. Ross, Rowan Trayler, Charles Koh, Gerhard Hambusch, Kristoffer Glover, Randolph W. Westerfield, Bradford D. Jordan
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