Question
Weismann Co. issued 7-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 7-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 7 percent, what is the current bond price?
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Public Finance And Public Policy
Authors: Arye L. Hillman
2nd Edition
0521738059, 978-0521738057
