Question
Can you show me how to work this out in a financial calculator or excel: Wachowicz Corporation issued 15-year, noncallable, 7.5% annual coupon bonds at
Can you show me how to work this out in a financial calculator or excel:
Wachowicz Corporation issued 15-year, noncallable, 7.5% annual coupon bonds at their par value of $1,000 one year ago. Today, the market interest rate on these bonds is 5.5%. What is the current price of the bonds, given that they now have 14 years to maturity?
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
Concise 6th Edition
324664559, 978-0324664553
