Harrison co issued 16-year bonds one year ago at a coupon


Harrison Co. issued 16-year bonds one year ago at a coupon rate of 7.2 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?

Solution Preview :

Prepared by a verified Expert
Finance Basics: Harrison co issued 16-year bonds one year ago at a coupon
Reference No:- TGS01632272

Now Priced at $10 (50% Discount)

Recommended (90%)

Rated (4.3/5)