Question: Please include formulas Problem 6-6 Bond Prices [LO 2] App Store Co. issued 13-year bonds one year ago at a coupon rate of 8 percent.

Please include formulas Problem 6-6 Bond Prices [LO 2] App Store Co. Please include formulas

Problem 6-6 Bond Prices [LO 2] App Store Co. issued 13-year bonds one year ago at a coupon rate of 8 percent. The bonds make semiannual payments. Required: If the YTM on these bonds is 5.7 percent, what is the current bond price? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Current bond price

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