Question
Dufner 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
Dufner 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 dollarprice assuming a par value of $1,000?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
What is the current bond price?
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Management Information Systems Managing the Digital Firm
Authors: Kenneth C. Laudon, Jane P. Laudon
15th edition
134639715, 978-0134639710
