Question
Weismann Co. issued 18-year bonds a year ago at a coupon rate of 11 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 11 percent. The bonds make semiannual payments and have a par value of $1,000. If the YTM on these bonds is 7 percent, what is the current bond price? |
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$1,268.79
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$1,404.01
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$1,693.52
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$1,394.01
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$578.41
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Public Finance
Authors: Charles Francis Bastable
1st Edition
1375520083, 978-1375520089
