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Westco Company Isaued 16-year bonds one year ago at a coupon rate of 77 aercent. The bonds make semlannua payments anci have a por value
Westco Company Isaued 16-year bonds one year ago at a coupon rate of 77 aercent. The bonds make semlannua payments anci have a por value of $1,000. If the YTM on these bonds is 5.4 percent. what is the curre t price of the bend in clo lars? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16
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