FINA 2201 – Harrison Co. issued 16-year bonds one year ago at a coupon rate
Subject: Business   / Finance
Question
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Harrison Co. issued 16-year bonds one year ago at a coupon rate of 7.2 percent. The bonds make semiannual payments.
If the YTM on these bonds is 5.5 percent, what is the current dollar price assuming a $1,000 par value?
