Dufner Co
Subject:FinancePrice: Bought3
Dufner Co. issued 13-year bonds one year ago at a coupon rate of 8 percent. The bonds make semiannual payments.
If the YTM on these bonds is 5.7 percent, what is the current dollar price assuming a par value of $1,000? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
