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Weismann Co. issued 10-year bonds a year ago at a coupon rate of 6 percent. The bonds make semiannual payments and have a par value
Weismann Co. issued 10-year bonds a year ago at a coupon rate of 6 percent. The bonds make semiannual payments and have a par value of $1,000. If the YTM on these bonds is 9 percent, what is the current bond price? Multiple Choice $886.31 $827.60 o $781.20 $1,551.20 $817.60 McConnell Corporation has bonds on the market with 18 years to maturity, a YTM of 11.0 percent, a par value of $1,000, and a current price of $1,226.50. The bonds make semiannual payments. What must the coupon rate be on these bonds? Multiple Choice 27.88% 22.73% 14.02% 13.92% 11.35%
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