Question
Weismann Co. issued 12-year bonds a year ago at a coupon rate of 10 percent. The bonds make semiannual payments and have a par value
| Weismann Co. issued 12-year bonds a year ago at a coupon rate of 10 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
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$1,050.59
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$1,078.92
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$1,624.30
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$1,068.92
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$661.32
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Finance For Non Financial Managers
Authors: Pierre Bergeron
6th Edition
0176501630, 9780176501631
