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i have a financial calculator and would like some help figuring out what to plug and how to break down this question. Thank you. Westco
i have a financial calculator and would like some help figuring out what to plug and how to break down this question. Thank you.
Westco Company issued 11-year bonds a year ago at a coupon rate of 8.9 percent. The bonds make semiannual payments and have a par value of $1,000. If the YTM on these bonds is 7.2 percent, what is the current bond price in dollars? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Step by Step Solution
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