Question
Cullumber Corp. issued a four-year bond one year ago with a coupon rate of 6.0 percent. The bond pays interest semiannually. If the yield to
Cullumber Corp. issued a four-year bond one year ago with a coupon rate of 6.0 percent. The bond pays interest semiannually. If the yield to maturity on this bond is 9 percent, what is the price of the bond?(Round answer to 2 decimal places, e.g. 5,275.25.)
Price of bond$( )
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Organizational Behavior
Authors: Andrzej A. Huczynski, David A. Buchanan
8th Edition
273774816, 273774815, 978-0273774815
