Bonds make semiannual payments and have par value

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Sqeekers Co. issued 15-year bonds a year ago at a coupon rate of 8.1 percent. The bonds make semiannual payments and have a par value of $1,000. If the YTM on these bonds is 6.4 percent, what is the current bond price?

Reference no: EM13895600

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Bonds make semiannual payments and have par value : Sqeekers Co. issued 15-year bonds a year ago at a coupon rate of 8.1 percent. The bonds make semiannual payments and have a par value of $1,000. If the YTM on these bonds is 6.4 percent, what is the current bond price?

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