Question
Weismann Co. issued 14-year bonds a year ago at a coupon rate of 11 percent. The bonds make semiannual payments and have a par value
| Weismann Co. issued 14-year bonds a year ago at a coupon rate of 11 percent. The bonds make semiannual payments and have a par value of $1,000. If the YTM on these bonds is 10 percent, what is the current bond price? |
A. $618.00
B. $1,054.49
C. $1,722.76
D. $1,071.88
E. $1,081.88
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Advances In Accounting Volume 23
Authors: Philip M J Reckers
1st Edition
0762314257, 9780762314256
