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Westco Company issued 1 3 - year bonds one year ago at a coupon rate of 6 . 5 percent. The bonds make semiannual payments
Westco Company issued year bonds one year ago at a coupon rate of percent. The bonds make semiannual payments and
have a par value of $ If the YTM on these bonds is percent, what is the current price of the bond in dollars?
Note: Do not round intermediate calculations and round your answer to decimal places, eg
Answer is complete but not entirely correct.
Current bond price $
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