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Langford Co. issued 14-year bonds a year ago at a coupon rate of 7.1%. The bonds make semiannual payments. If the YTM on these bonds
Langford Co. issued 14-year bonds a year ago at a coupon rate of 7.1%. The bonds make semiannual payments. If the YTM on these bonds is 5.4%, what is the current bond price?
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Fundamentals of Corporate Finance
Authors: Stephen A. Ross, Randolph W. Westerfield, Bradford D.Jordan
8th Edition
978-0073530628, 978-0077861629
