Sqeekers co issued 11-year bonds a year ago at a coupon


Sqeekers Co. issued 11-year bonds a year ago at a coupon rate of 7.7 percent. The bonds make semiannual payments and have a par value of $1,000. If the YTM on these bonds is 6 percent, what is the current bond price?

Can you show me how to do this?

Solution Preview :

Prepared by a verified Expert
Finance Basics: Sqeekers co issued 11-year bonds a year ago at a coupon
Reference No:- TGS01632254

Now Priced at $10 (50% Discount)

Recommended (92%)

Rated (4.4/5)