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Purell Tissue Inc. completed a 15-year bond issue last year with a 4.8% coupon, compounded semiannually. If the YTM on Purell's bonds is 5.3%, what
Purell Tissue Inc. completed a 15-year bond issue last year with a 4.8% coupon, compounded semiannually. If the YTM on Purell's bonds is 5.3%, what should be the current price of these bonds, now that it's one year later? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Current bond price
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