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Third birthday: $ 900 Fourth birthday: $ 900 Fifth birthday: $ 1,000 Sixth birthday: $ 1,000 S07-06 Bond Prices [LO2] Westco Company issued 15-year bonds
| Third birthday: | $ 900 |
|---|---|
| Fourth birthday: | $ 900 |
| Fifth birthday: | $ 1,000 |
| Sixth birthday: | $ 1,000 |
S07-06 Bond Prices [LO2]
| Westco Company issued 15-year bonds a year ago at a coupon rate of 5.4 percent. The bonds make semiannual payments and have a par value of $1,000. If the YTM on these bonds is 4.5 percent, what is the current price of the bond in dollars? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
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Cases In Healthcare Finance
Authors: Louis C. Gapenski
2nd Edition
1567932002, 978-1567932003
