Question
Sheridan Corp. issued a four-year bond one year ago with a coupon rate of 6.5 percent. The bond pays interest semiannually. If the yield to
Sheridan Corp. issued a four-year bond one year ago with a coupon rate of 6.5 percent. The bond pays interest semiannually. If the yield to maturity on this bond is 13 percent, what is the price of the bond? (Round answer to 2 decimal places, e.g. 5,275.25.)
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Forensic Accounting And Fraud Investigation For Non-Experts
Authors: Stephen Pedneault, Frank Rudewicz, Howard Silverstone, Michael Sheetz
3rd Edition
0470879599, 9780470879597
