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Weismann Co. issued 18-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 18-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 10 percent, what is the current bond price? Multiple Choice $649.93 $76711 $829.66 $75711 $1,813.65 The appropriate discount rate for the following cash flows is 9 percent compounded quarterly. Year 1 2. Cash Flow $600 800 O 1,200 3 4 What is the present value of the cash flows? Multiple Choice $2,058.94 $2,01776 $210011 Multiple Choice $2,058.94 $2,017.76 $2,100.11 $49752 $2,073.91
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