What is the current bond price, Accounting Basics

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What is the current bond price

Problem:

App Store Co. issued 15-year bonds one year ago at a coupon rate of 6.1 percent. The bonds make semiannual payments.

Required:

Question: If the YTM on these bonds is 5.3 percent, what is the current bond price?

Note: Provide support for rationale.

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Accounting Basics: What is the current bond price

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Accounting Basics: What is the current bond price

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