Question
Weismann Co. issued 14-year bonds a year ago at a coupon rate of 9 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 9 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?
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$938.12
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$955.51
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$1,722.76
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$928.12
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$651.62
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Financial Statement Analysis & Dividend Investing
Authors: Andrew P.C.
1st Edition
1075873940, 978-1075873942
