Question
Tech Company has an outstanding annual par $1,000 bond with a coupon of 9.25% and 4 years remaining until maturity. If the current yield to
Tech Company has an outstanding annual par $1,000 bond with a coupon of 9.25% and 4 years remaining until maturity. If the current yield to maturity is 12.55% what the current price of the bond? (Round your answer to 2 decimal places).
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Fundamentals Of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
Concise 10th Edition
1337902578, 978-1337902571
