Question
Problem 6-6 Bond Prices [LO 2] Harrison Co. issued 13-year bonds one year ago at a coupon rate of 7 percent. The bonds make semiannual
Problem 6-6 Bond Prices [LO 2]
Harrison Co. issued 13-year bonds one year ago at a coupon rate of 7 percent. The bonds make semiannual payments. If the YTM on these bonds is 5.3 percent, what is the current dollar price assuming a $1,000 par value? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
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Shape Up Your Finances
Authors: Ian Birt
2nd Edition
1925716422, 978-1925716429
