westco company issued 10-year bonds a year ago at a coupon rate of 7 percent. the bonds make semiannual payments and have a par value of $1,000. if the ytm on these bonds is 5.3 percent, what is the current bond price in dollars? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

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07-12-2022
Business

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westco company issued 10-year bonds a year ago at a coupon rate of 7 percent. the bonds make semiannual payments and have a par value of $1,000. if the ytm on these bonds is 5.3 percent, what is the current bond price in dollars? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

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