Question: Problem 6-6 Bond Prices [LO 2] Dufner Co. issued 13-year bonds one year ago at a coupon rate of 7.5 percent. The bonds make semiannual

Problem 6-6 Bond Prices [LO 2] Dufner Co. issued 13-year bonds

Problem 6-6 Bond Prices [LO 2] Dufner Co. issued 13-year bonds one year ago at a coupon rate of 7.5 percent. The bonds make semiannual payments. If the YTM on these bonds is 5.5 percent, what is the current dollar price assuming a par value of $1,000? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Current bond price

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