Grohl co issued 9-year bonds a year ago at a coupon rate of


Grohl Co. issued 9-year bonds a year ago at a coupon rate of 9 percent. The bonds make semiannual payments. If the YTM on these bonds is 8 percent, what is the current bond price?

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Financial Management: Grohl co issued 9-year bonds a year ago at a coupon rate of
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