Bonds make semiannual payments-what is current bond price

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Reference no: EM131049656

App Store Co. issued 15-year bonds one year ago at a coupon rate of 6.6 percent. The bonds make semiannual payments. Required: If the YTM on these bonds is 5.5 percent, what is the current bond price?

Reference no: EM131049656

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Bonds make semiannual payments-what is current bond price : App Store Co. issued 15-year bonds one year ago at a coupon rate of 6.6 percent. The bonds make semiannual payments. Required: If the YTM on these bonds is 5.5 percent, what is the current bond price?

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