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Firm Z issued 18-year bonds 3 years ago at a coupon rate of 7.18 percent. The bonds make semiannual payments. If the YTM on these
Firm Z issued 18-year bonds 3 years ago at a coupon rate of 7.18 percent. The bonds make semiannual payments. If the YTM on these bonds is 5.69 percent, what is the current bond price? Answer to two decimals. Please show all work! We used the BA-II calculator in our class. Thank you!
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