Westco Company issued 15-year bonds a year ago at a coupon rate of 8.1 percent. The...
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Westco Company issued 15-year bonds a year ago at a coupon rate of 8.1 percent. The bonds make semiannual payments and have a par value of $1,000. If the YTM on these bonds is 6.4 percent, what is the current bond price in dollars? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Current bond price Westco Company issued 15-year bonds a year ago at a coupon rate of 8.1 percent. The bonds make semiannual payments and have a par value of $1,000. If the YTM on these bonds is 6.4 percent, what is the current bond price in dollars? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Current bond price
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You can calculate the current bond price using the bond valuation formula which takes into account t... View the full answer
Related Book For
Fundamentals Of Corporate Finance
ISBN: 9781265553609
13th Edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
Posted Date:
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