The bonds make semiannual payments if the ytm on these


Harrison Co. issued 13-year bonds one year ago at a coupon rate of 8 percent. The bonds make semiannual payments. If the YTM on these bonds is 5.7 percent, what is the current dollar price assuming a $1,000 par value?

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Financial Management: The bonds make semiannual payments if the ytm on these
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