App store co issued 17-year bonds one year ago at a coupon


App Store Co. issued 17-year bonds one year ago at a coupon rate of 7.8 percent. The bonds make semiannual payments. If the YTM on these bonds is 5.5 percent, what is the current bond price?

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Financial Management: App store co issued 17-year bonds one year ago at a coupon
Reference No:- TGS01395075

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