Question
You are considering the purchase of a $11,000 par value bond with a coupon rate of 6.3% (with interest paidsemiannually) that matures in 12 years.
You are considering the purchase of a $11,000 par value bond with a coupon rate of 6.3% (with interest paidsemiannually) that matures in 12 years. If the bond is priced to yield 9%, what is thebond's currentprice?
What is thebond's current price is $
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Managerial Accounting
Authors: Karen BraunWendy Tietz
3rd Edition
0132890542, 978-0132890540
