Question
P7-6 Bond Prices [LO2] Weismann Co. issued 13-year bonds a year ago at a coupon rate of 6 percent. The bonds make semiannual payments and
P7-6 Bond Prices [LO2]
| Weismann Co. issued 13-year bonds a year ago at a coupon rate of 6 percent. The bonds make semiannual payments and have a par value of $1,000. If the YTM on these bonds is 9 percent, what is the current bond price? |
Multiple Choice
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$859.76
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$782.57
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$1,656.30
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$736.42
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$792.57
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Financial Trading And Investing
Authors: John Teall
3rd Edition
0323909558, 978-0323909556
