Question
Langford Co. issued 14-year bonds a year ago at a coupon rate of 7.8%. 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 7.8%. The bonds make semiannual payments. If the YTM on these bonds is 6.1%, what is the current bond price? (Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit $ sign in your response.)
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CISA Certified Information Systems Auditor Practice Exams
Authors: Peter H. Gregory
1st Edition
1260459845, 978-1260459845
