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Problem 7 - 6 Bond Prices [ LO 2 ] Elkus Company issued 1 1 - year bonds a year ago at a coupon rate
Problem Bond Prices LO
Elkus Company issued year bonds a year ago at a coupon rate of percent. The bonds make semiannual payments and have a par value of $ If the YTM on these bonds is percent, what is the current bond price in dollars?
Note: Do not round intermediate calculations and round your answer to decimal places, eg
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