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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Financial Markets and Institutions
Authors: Jeff Madura
11th Edition
1133947875, 9781305143005, 1305143000, 978-1133947875
