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bond price= 78/2[(1-(1+0.086/2)-11/2)/(0.086/2)]+ 1000/(1+0.086)11/2=

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Q: Cutler Co issued 11-year bonds a year ago at a coupon rate of 7.8 percent The bonds make semiannual payments If the YTM on these bonds is 8.6 percent what is the current bond price?
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