App store co issued 13-year bonds one year ago at a coupon


App Store Co. issued 13-year bonds one year ago at a coupon rate of 6.5 percent. The bonds make semi-annual payments.

Required:

If the YTM on these bonds is 5.4 percent, what is the current bond price?

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Financial Management: App store co issued 13-year bonds one year ago at a coupon
Reference No:- TGS0983585

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