Question
Weismann Company issued 8-year bonds a year ago at a coupon rate of 8 percent. The bonds make semiannual payments and have a par value
Weismann Company issued 8-year bonds a year ago at a coupon rate of 8 percent. The bonds make semiannual payments and have a par value of $1,000. If the YTM on these bonds is 12 percent, what is the current bond price?
Multiple Choice
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$880.80
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$1,561.70
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$772.13
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$824.10
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$814.10
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Finance For Executives Managing For Value Creation
Authors: Gabriel Hawawini, Claude Viallet
6th Edition
1473749247, 9781473749245
