Wesimann Co. issued 11-year bonds a year ago at a coupon rate of 71 percent. The bonds make semiannual payments and have a par value of $1,000. If the YTM on these bonds is 5.4 percent, what is the current bond price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Current bond price

Answer rating: 100% (QA)

To calculate the current bond price of the 11year bonds issued by Wesimann Co we can use the present ... View the full answer