Question
App Store Co. issued 17-year bonds one year ago at a coupon rate of 6.8 percent. The bonds make semiannual payments. If the YTM on
App Store Co. issued 17-year bonds one year ago at a coupon rate of 6.8 percent. The bonds make semiannual payments.
If the YTM on these bonds is 5.4 percent, what is the current bond price? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)
| Current bond price | $ |
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes
11th International Edition
1259094901, 9781259094903
