Question
Yest Corporation's bonds have a 17-year maturity, a 7% semiannual coupon, and a par value of $1,000. The going interest rate ( ) is 6%,
Yest Corporation's bonds have a 17-year maturity, a 7% semiannual coupon, and a par value of $1,000. The going interest rate ( ) is 6%, based on semiannual compounding. What is the bond's price?
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Personal Finance
Authors: Jack R. Kapoor, Les R. Dlabay, Robert J. Hughes, Melissa Hart
12th edition
1259720683, 978-1259720680
