The bonds make semiannual payments and have a par value of


Sqeekers Co. issued 13-year bonds a year ago at a coupon rate of 7.3 percent. The bonds make semiannual payments and have a par value of $1,000. If the YTM on these bonds is 5.6 percent, what is the current bond price?

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Financial Management: The bonds make semiannual payments and have a par value of
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