If the ytm on these bonds is 56 percent what is the current


Harrison Co. issued 14-year bonds one year ago at a coupon rate of 7.9 percent. The bonds make semiannual payments.

If the YTM on these bonds is 5.6 percent, what is the current dollar price assuming a $1,000 par value?

Current bond price?

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Financial Management: If the ytm on these bonds is 56 percent what is the current
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