Sqeekers Co. issued 10-year bonds a year ago at a coupon rate of 8.2 percent. The bonds make semiannual payments and have a par value of $1,000. If the YTM on these bonds is 6.5 percent, what is the current bond price

The current price of the bond is $1,114.47

Explanation:

The computation of the current bond price is as follows:

Here we have to applied the present value formula by putting the following information

Given that

Par value = Future value = $1,000

NPER = (10 - 1) × 2 = 18

RATE = 6.5% ÷ 2 = 3.25%

PMT = $1,000 × 8.2% ÷ 2 = 41

The formula is given below:

= -PV(RATE;NPER;PMT;FV;TYPE)

After applying the above formula, the current price of the bond is $1,114.47

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best of luck,

the divergent

for submitting your question to

the answer to your question is : c) a government agency or homeowner

due to his line of work, he is most likely employed by a government agency or homeowner due to the other choices not being logical haha.