One year ago Lerner and Luckmann Co. issued 15-year,
noncallable, 5.2% annual coupon bonds at their...
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Accounting
One year ago Lerner and Luckmann Co. issued 15-year,noncallable, 5.2% annual coupon bonds at their par value of $1,000.Today, the market interest rate on these bonds is 5.5%. What is thecurrent price of the bonds, given that they now have 14 years tomaturity?
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Current Price of the Bond The Price of the Bond is the Present Value of the Coupon Payments plus the Present Value of the Face ValuePar Value The Price of
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