Question
Weismann Co. issued 18-year bonds a year ago at a coupon rate of 8 percent. The bonds make semiannual payments and have a par value
Weismann Co. issued 18-year bonds a year ago at a coupon rate of 8 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?
Multiple Choice
- $838.07
- $888.10
- $627.12
- $1,813.65
- $848.07
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Management And Organisational Behaviour
Authors: Laurie Mullins
7th Edition
0273688766, 978-0273688761
