App store co issued 15-year bonds one year ago at a coupon


App Store Co. issued 15-year bonds one year ago at a coupon rate of 6.6 percent. The bonds make semiannual payments.

Required:
If the YTM on these bonds is 5.5 percent, what is the current bond price?

 

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Finance Basics: App store co issued 15-year bonds one year ago at a coupon
Reference No:- TGS0595335

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