Question: Problem 6 - 6 Bond Prices Wiser Co . issued 1 4 - year bonds two years ago at a coupon rate of 7 .

Problem 6-6 Bond Prices
Wiser Co. issued 14-year bonds two years ago at a coupon rate of 7.4? percent. The bonds make semiannual payments.
If the YTM on these bonds is 5.4 percent, what is the current dollar price assuming a par value of $1,000?(Do not round
intermediate calculations.)
Problem 6-6 Bond Prices Wiser Co. issued 14-year bonds two years

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