Harrison co issued 15-year bonds one year ago at a coupon


Harrison Co. issued 15-year bonds one year ago at a coupon rate of 6.6 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?

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Financial Management: Harrison co issued 15-year bonds one year ago at a coupon
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