What is the current bond price
Problem
Langford Co. issued 14-year bonds a year ago at a coupon rate of 8.6%. The bonds make semiannual payments. If the YTM on these bonds is 6.9%! What is the current bond price?
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Langford Co. issued 14-year bonds a year ago at a coupon rate of 8.6%. The bonds make semiannual payments. What is the current bond price?
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