App Store Co. issued 15-year bonds one year ago at a coupon rate of 6.6 percent. The bonds make semiannual payments. Required: If the YTM
App Store Co. issued 15-year bonds one year ago at a coupon rate of 6.6 percent. The bonds make semiannual payments. |
| Required: |
| If the YTM on these bonds is 5.5 percent, what is the current bond price? (Do not include the dollar sign ($). Enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) |
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Authors: David N. Feldman
1st Edition
1118445651, 978-1118445655
