Harrison co issued 17-year bonds one year ago at a coupon


Harrison Co. issued 17-year bonds one year ago at a coupon rate of 7.3 percent. The bonds make semiannual payments.

If the YTM on these bonds is 5.3 percent, what is the current dollar price assuming a $1,000 par value?

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Financial Management: Harrison co issued 17-year bonds one year ago at a coupon
Reference No:- TGS02153778

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