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# Grohl Co. issued 11-year bonds a year ago at a coupon rate of 6.9 percent. The bonds make semiannual payments. If the YTM on these bonds is 7.4

Grohl Co. issued 11-year bonds a year ago at a coupon rate of
6.9 percent. The bonds make semiannual payments. If the YTM on these bonds is
7.4 percent, what is the current bond price?
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SOLUTION:
Nper
Face Value (assumed)
Future Value (assumed)
Coupon Rate
Rate (Yield to Maturity) 22.00
\$1,000.00
\$1,000.00
3.45%
3.70% PMT = Face Value * Coupon Rate
PMT = \$1,000 * 3.45%
PMT
Current...

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