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Westco Co. issued 15-year bonds a year ago at a coupon rate of 5.4 percent. The bonds make semiannual payments and have a par
Westco Co. issued 15-year bonds a year ago at a coupon rate of 5.4 percent. The bonds make semiannual payments and have a par value of $1,000. If the YTM on these bonds is 4.5 percent, what is the current price of the bond in dollars? Input area: Settlement date Maturity date Coupon rate Coupons per year Redemption value (% of par) Yield to maturity Par value 1/1/2020 1/1/2034 5.40% 2 100 4.50% $1,000 function to answer this question. Leave the Basis input blank in the function. You may enter a constant as a hard coded value.) Output area: Price (% of par) Price
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