Question
Weismann Co. issued 15-year bonds a year ago at a coupon rate of 7 percent. The bonds make semiannual payments and have a par value
| Weismann Co. issued 15-year bonds a year ago at a coupon rate of 7 percent. The bonds make semiannual payments and have a par value of $1,000. If the YTM on these bonds is 6 percent, what is the current bond price? |
Multiple Choice
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$1,103.82
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$683.22
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$1,093.82
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$1,064.69
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Fundamentals Of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
16th Edition
0357517571, 978-0357517574
