Dawg, Inc. has $1,000 par value bonds outstanding that make semiannual payments. The bonds were originally...

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Dawg, Inc. has $1,000 par value bonds outstanding that make semiannual payments. The bonds were originally issued as 10-year bonds, one year ago, at a coupon rate of 8.8 percent. If the YTM on these bonds is 7.1 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 80 000 < Prev 13 of 30 Next > Dawg, Inc. has $1,000 par value bonds outstanding that make semiannual payments. The bonds were originally issued as 10-year bonds, one year ago, at a coupon rate of 8.8 percent. If the YTM on these bonds is 7.1 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 80 000 < Prev 13 of 30 Next >

Answer rating: 100% (QA)

To calculate the current bond price of Dawg Incs bonds we need to use the present value formula for ... View the full answer