Aloha Inc. has 4.5 percent coupon bonds on the market that have 5 years left to maturity. If the YTM on these bonds is 7.0
Aloha Inc. has 4.5 percent coupon bonds on the market that have 5 years left to maturity. If the YTM on these bonds is 7.0 percent, what is the current bond price? The bond pays coupons twice a year.
(Do not round intermediate calculations. Round your answer to 2 decimal places.)
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Authors: K. Wellman, Marcus Spiller
1st Edition
0470672188, 978-0470672181
