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Westco Company Issued 11-year bonds a year ago at a coupon rate of 7.7 percent. The bonds make semiannual payments and h
Posted: Sun Jun 05, 2022 10:21 am
by answerhappygod
- Westco Company Issued 11 Year Bonds A Year Ago At A Coupon Rate Of 7 7 Percent The Bonds Make Semiannual Payments And H 1 (17.7 KiB) Viewed 23 times
Westco
Company Issued 11-year bonds a year ago at a coupon rate of 7.7 percent. The bonds make semiannual payments and have a par value of $1,000. If the YTM on these bonds is 6 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 $ 1,135.46