daniellarry109 daniellarry109
  • 10-11-2022
  • Business
contestada

Philly Corp. issued 15-year bonds one year ago today at an annual coupon rate of 4.8%. The bonds make coupon payments semi-annually and just paid the second payment. If the Yield to Maturity is 5.3%, what is the current price of a $1,000 par value bond?

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