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Bond Prices [LO2] Weismann Co. issued 15-year bonds a year ago at a coupon rate of 4.9 percent. The bonds make semiannual payments and

 

Bond Prices [LO2] Weismann Co. issued 15-year bonds a year ago at a coupon rate of 4.9 percent. The bonds make semiannual payments and have a par value of $1,000. If the YTM on these bonds is 4.5 percent, what is the current bond price? Input area: Settlement date Maturity date 1/1/2000 1/1/2016 Coupon rate 4.90% Coupons per year 2 Par value ($) $ 1,000 Yield to maturity 4.50% Years to maturity 15 Output area: Price $ 546.11 Price (using PV) $1,043.29

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