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Sqeekers Co. issued 13-year bonds a year ago at a coupon rate of 8.5 percent.

The bonds make semiannual payments and have a par value of $1,000. If the YTM on these bonds is 6.8 percent, what is the current bond price? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.)

Current bond price $

Please explain how to compute this in a financial calculator. i.e (N= I/Y= PV= PMT= FV=)

Financial Management, Finance

  • Category:- Financial Management
  • Reference No.:- M92829973

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