Determine the current bond price

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Snoopy Co. issued 12 year bonds two years ago at a coupon rate of 14%. The bonds make semiannual interest payments. If the YTM on these bonds is 10%, what is the current bond price?

Sally Co. issued 15 year bonds two years ago at a coupon rate of 4% which is paid semiannually. If these bonds currently are priced at $592.78, what is the YTM?

Reference no: EM131988539

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