Question: FINANCE Ch7 Question 3 (of 6) value 16.66 points Problem 7-6 Bond Prices LO2] Sqeekers Co. issued 11-year bonds a year ago at a coupon

FINANCE Ch7 Question 3 (of 6) value 16.66 points Problem 7-6 Bond Prices LO2] Sqeekers Co. issued 11-year bonds a year ago at a coupon rate of 7.1 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. Round your answer to 2 decimal places, e.g, 32.16.) rent bond price References eBook & Resources Worksheet Difficutty: Basic Section: 7.1 Bonds and Bon Problem 7-6 Bond LO2) Learning Objective: 07-02 Bond values and yields and why they fluctuate. Prices F5 F2 a 3

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