Question
#9. Problem 7-6 Bond Prices [LO2] WesimannCo. issued 11-year bonds a year ago at a coupon rate of 8.9 percent. The bonds make semiannual payments
#9. Problem 7-6 Bond Prices [LO2]
WesimannCo. issued 11-year bonds a year ago at a coupon rate of 8.9 percent. The bonds make semiannual payments and have a par value of $1,000. If the YTM on these bonds is 7.2 percent, what is the current bond price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
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Understanding Corporate Annual Reports
Authors: William Pasewark
7th Edition
0073526932, 9780073526935
