Determine the current bond price


Problem:

lycan inc has 7.8 percent coupon bonds on the market that have 7 years left to maturity. the bonds make annual payments.

Required:

Question: If the YTM on these bonds is 9.8 percent, what is the current bond price?

Note: Show all workings.

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Finance Basics: Determine the current bond price
Reference No:- TGS0881248

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