Blue Water bonds have a face value of $1,000, a coupon rate of 6.5 percent, semiannual interest payments, and mature in 11.5 years. What is the current price of these bonds if the yield to maturity is 6.36 percent?
Blue Water bonds have a face value of $1,000, a coupon rate of 6.5 percent, semiannual interest payments, and
mature in 11.5 years. What is the current price of these bonds if the yield to maturity is 6.36 percent?
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