Question: Problem 6-6 Bond Prices [LO 2] App Store Co. issued 15-year bonds one year ago at a coupon rate of 7.6 percent. The bonds make

Problem 6-6 Bond Prices [LO 2] App Store Co. issued 15-year

Problem 6-6 Bond Prices [LO 2] App Store Co. issued 15-year bonds one year ago at a coupon rate of 7.6 percent. The bonds make semiannual payments. Required: If the YTM on these bonds is 5.3 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 $D

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