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Wesimann Co. issued 10-year bonds a year ago at a coupon rate of 8.8 percent. The bonds make semiannual payments and have a par value
Wesimann Co. issued 10-year bonds a year ago at a coupon rate of 8.8 percent. The bonds make semiannual payments and have a par value of $1,000. If the YTM on these bonds is 7.1 percent, what is the current bond price? Can someone help me do this on a financial calculator.
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