The bonds make semiannual payments and have a par value of


Sqeekers Co. issued 15-year bonds a year ago at a coupon rate of 8.7 percent. The bonds make semiannual payments and have a par value of $1,000. If the YTM on these bonds is 7 percent, what is the current bond price? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.)

Solution Preview :

Prepared by a verified Expert
Finance Basics: The bonds make semiannual payments and have a par value of
Reference No:- TGS02230312

Now Priced at $10 (50% Discount)

Recommended (90%)

Rated (4.3/5)