Vinya Inc. has 7.5 percent coupon bonds on the market that have 10 years left to...
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Vinya Inc. has 7.5 percent coupon bonds on the market that have 10 years left to maturity. The bonds make annual payments. If the YTM on these bonds is 8.75 percent, what is the current bond price? Assume the par value of a bond is $1,000. Do not round intermediate calculations and round your final answer to 2 decimal places. Vinya Inc. has 7.5 percent coupon bonds on the market that have 10 years left to maturity. The bonds make annual payments. If the YTM on these bonds is 8.75 percent, what is the current bond price? Assume the par value of a bond is $1,000. Do not round intermediate calculations and round your final answer to 2 decimal places.
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