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Harrison co issued 14-year bonds one year ago at a coupon

Harrison Co. issued 14-year bonds one year ago at a coupon rate of 6.9 percent. The bonds make semiannual payments.

If the YTM on these bonds is 5.5 percent, what is the current dollar price assuming a $1,000 par value? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Current bond price $ ________

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Finance Basics: Harrison co issued 14-year bonds one year ago at a coupon

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Now Priced at $10 (50% Discount)

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Finance Basics: Harrison co issued 14-year bonds one year ago at a coupon

Reference No:- TGS02742162

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