Question
Weismann Co. issued 9-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 9-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 6 percent, what is the current bond price? |
Multiple Choice
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$1,072.81
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$1,380.83
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$1,043.93
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$773.97
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$1,062.81
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Financial Management Theory And Practice
Authors: Eugene F. Brigham, Michael C. Ehrhardt
10th Edition
0030329922, 9780030329920
