Coupon bonds on the market-what is current bond price

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Reference no: EM131583733

Staind, Inc., has 5 percent coupon bonds on the market that have 15 years left to maturity. The bonds make semiannual payments. If the YTM on these bonds is 7 percent, what is the current bond price? Answer the question with 2 decimals.

Ackerman Co. has 7 percent coupon bonds on the market with 8 years left to maturity. The bonds make annual payments. If the bond currently sells for $1063.25, what is its YTM? Answer with 4 decimals.

Reference no: EM131583733

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