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Langford Co. issued 14 -year bonds a year ago at a coupon rate of 7.9%. The bonds make semiannual payments. If the YTM on these
Langford Co. issued 14 -year bonds a year ago at a coupon rate of 7.9%. The bonds make semiannual payments. If the YTM on these bonds is 6.2%, what is the current bond price? (Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit \$ sign in your response.) Current bond price $ Step by Step Solution
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Personal Finance
Authors: Elizabeth B. Goldsmith
1st Edition
0534544959, 9780534544959
