wesimann co. issed 11-year bonds a year ago at a coupon rate of 7.1% The bonds make semiannual payments and have a par value of 1,000. if the ytm on these bonds is 5.4%, what is the current bond price

$1,130.04

Explanation:

The computation of the current bond price is shown below:

But before that following calculations need to be done

Number of periods = 11 - 1 = 10 × 2 = 20

Rate = 5.4% ÷ 2 = 2.7%

Coupon = (7.1% of 1000) ÷ 2 = $35.5

Now

The Current bond price is

= Coupon × [1 - 1 ÷ (1 + r)^n] ÷ r + FV ÷ (1 + r)^n

= $35.5 × [1 - 1 ÷ (1 + 0.027)^20] ÷ 0.027 + $1,000 ÷ (1 + 0.027)^20

= $35.5 × [1 - 0.586937] ÷ 0.027 + $586.936514

= $35.5 × 15.29863 + $586.936514

= $1,130.04

1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

                                          hope it

answer; ///after donning a gown, mask and eyewear;