Question
Weismann Co. issued 6-year bonds a year ago at a coupon rate of 12 percent. The bonds make semiannual payments and have a par value
Weismann Co. issued 6-year bonds a year ago at a coupon rate of 12 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
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$1,087.22
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$1,390.09
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$1,055.76
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$1,077.22
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$755.32
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Public Finance
Authors: Harvey Rosen, Robert Guell, Ted Gayer
9th Edition
0073511358, 9780073511351
