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Westco Company issued 11-year bonds a year ago at a coupon rate of 7.1 percent. The bonds make semiannual payments and have a par
Westco Company issued 11-year bonds a year ago at a coupon rate of 7.1 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 in dollars? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Current bond price
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Principles of Managerial Finance
Authors: Lawrence J. Gitman, Chad J. Zutter
14th edition
133507696, 978-0133507690
