Sqeekers Co. issued 12-year bonds a year ago at a coupon rate
Sqeekers Co. issued 12-year bonds a year ago at a coupon rate
Subject: Business / Finance
Question
Sqeekers Co. issued 12-year bonds a year ago at a coupon rate of 8.4 percent. The bonds make semiannual payments and have a par value of $1,000. If the YTM on these bonds is 6.7 percent, what is the current bond price?