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Wesimann Co. issued 11-year bonds a year ago at a coupon rate of 71 percent. The bonds make semiannual payments and have a par value
Wesimann Co. issued 11-year bonds a year ago at a coupon rate of 71 percent. The bonds make semiannual payments and have a par value of $1,000. If the YTM on these bonds is 5.4 percent, what is the current bond price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Current bond price
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Risk Management And Financial Institutions
Authors: John Hull
1st Edition
0132397900, 9780132397902
