The bonds make semiannual payments and have a par value of


Squeezers Co. issued 15-year bonds a year ago at a coupon rate 4.1 percent. The bonds make semiannual payments and have a par value of $1,000. If the YTM on these bonds is 4.5 percent, what is the current bond price?

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Finance Basics: The bonds make semiannual payments and have a par value of
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