Company issued 15-year bonds at a coupon rate of 10 percent. The bonds make quarterly...
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Accounting
Company issued 15-year bonds at a coupon rate of 10 percent. The bonds make quarterly payments. If the YTM on these bonds is 8 percent, what is the current dollar price assuming a $1,000 par value?
Select one:
a.$ 1,173.8
b.$ 1,219.13
c.$ 3,780.87
d.$ 1045
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