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Harrison Co issued 15year bonds one year ago at a coupon rate of 76 percent The bonds make semiannual payments If the YTM on these bonds is 53 percent what is the current dollar price assuming

Harrison Co. issued 15-year bonds one year ago at a coupon rate of 7.6 percent. The bonds make semiannual payments. If the YTM on these bonds is 5.3 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.) Current bond price

 

Apr 04 2020 View more View Less

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