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Westco Company issued 24-year bonds 4 years ago at a coupon rate of 9.22 percent. The bonds make semiannual payments and have a par value
Westco Company issued 24-year bonds 4 years ago at a coupon rate of 9.22 percent. The bonds make semiannual payments and have a par value of $1,000. If the YTM on these bonds is 7.85%, what is the current price of the bond in dollars? Do not include a $ in your
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Public Finance In Theory And Practice
Authors: Holley Ulbrich
1st Edition
0324016603, 978-0324016604
