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Problem 7-6 Bond Prices [LO2) Westco Company issued 12-year bonds a year ago at a coupon rate of 7.2 percent. The bonds make semiannual payments

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Problem 7-6 Bond Prices [LO2) Westco Company issued 12-year bonds a year ago at a coupon rate of 7.2 percent. The bonds make semiannual payments and have a par value of $1,000. If the YTM on these bonds is 5.5 percent, what is the current bond price in dollars? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) K Current bond price $ 36.00 nces

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