Ww Corp issued 23 year bonds 2 years ago at a coupon rate of 7 percent. The bonds make semiannual payments. If the YTM on these bonds is 11 percent, what is the current bond price? Enter the answer with 2 decimals (e.g. 950.45)
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The bonds were issued 23 years ago, and 2 years have passed, so the remaining time to maturity is 23 - 2 = 21 years. Show more…
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