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Harrison 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

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Harrison 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 dollar price assuming a $1,000 par value? (Do not round intermediate calculations and round your answer decimal places, e.g.,32.16.) Current bond priceS References eBook& Resources Leaming Objective: 06-02 Describe bond values and why they fluctuate. Worksheet Difficulty: 1 Basic Section: 6.1 Bonds and Bond Valuation

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