What is the current dollar price assuming

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1. If you plan to buy a LV bag for your mother's 60th birthday, which will cost you $1,653, in 3 years. How much do you need to deposit today? Assume the bank will pay you annual interest rate of 7.63% compounded quarterly. Please round your answer to the second decimal without dollar sign. (e.g. 0.00)

2. Harrison Co. issued 15-year bonds one year ago at a coupon rate of 6.6 percent. The bonds make semiannual payments. If the YTM on these bonds is 5.5 percent, what is the current dollar price assuming a $1,000 par value? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Reference no: EM131990037

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