question archive issued 11-year bonds a year ago at a coupon rate of 10 percent

issued 11-year bonds a year ago at a coupon rate of 10 percent

Subject:FinancePrice:2.86 Bought7

issued 11-year bonds a year ago at a coupon rate of 10 percent.

The bonds make semiannual payments.

If the YTM on these bonds is 5.9 percent, what is the current bond price?

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2.86 USD

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