Question: Problem 7-6 Bond Prices [LO2] Seekers Co. issued 12-year bonds a year ago at a coupon rate of 78 percent. The bonds make semiannual payments

Problem 7-6 Bond Prices [LO2] Seekers Co. issued 12-year bonds a

Problem 7-6 Bond Prices [LO2] Seekers Co. issued 12-year bonds a year ago at a coupon rate of 78 percent. The bonds make semiannual payments and have a par value of $1000. If the YTM on these bonds is 6.1 percent, what is the current bond price? (Do not found intermediate calculations. Round your answer to 2 decimal places. e... 32.16.) Current bond price

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