Question
Sqeekers Co. issued 15-year bonds a year ago at a coupon rate of 8.7 percent. The bonds make semiannual payments and have a par value
| Sqeekers Co. issued 15-year bonds a year ago at a coupon rate of 8.7 percent. The bonds make semiannual payments and have a par value of $1,000. If the YTM on these bonds is 7 percent, what is the current bond price?(Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) |
| Current bond price | $
|
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International financial management
Authors: Jeff Madura
13th edition
978-1337099738, 1337099732, 9781337515894, 1337515892, 978-1337587211
