Question
Problem 6-6 Bond Prices [LO 2] App Store Co. issued 16-year bonds one year ago at a coupon rate of 6.2 percent. The bonds make
Problem 6-6 Bond Prices [LO 2]
| App Store Co. issued 16-year bonds one year ago at a coupon rate of 6.2 percent. The bonds make semiannual payments. |
| Required: |
| If the YTM on these bonds is 5.4 percent, what is the current bond price? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) |
| Current bond price | $ |
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Urban Infrastructure Finance And Management
Authors: K. Wellman, Marcus Spiller
1st Edition
0470672188, 978-0470672181
