Question
Weismann Co. issued 17-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 17-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 12 percent, what is the current bond price?
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Financial Modeling
Authors: Simon Benninga, Tal Mofkadi
5th Edition
0262046423, 9780253337825
