Harnett Computing has 10-year, non-callable, 9.0% semi-annual coupon bonds outstanding. The bonds have a par value of $1,000 and a nominal YTM of 9.42%. What is the bonds' current market price? $937.69 $961.38 $1,038.62 $950.33 $973.17

Harnett Computing has 10-year, non-callable, 9.0% semi-annual coupon bonds outstanding. The bonds have a par value of $1,000 and a nominal YTM of 9.42%. What is the bonds' current market price? $937.69 $961.38 $1,038.62 $950.33 $973.17

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter13: Long-term Liabilities

Section: Chapter Questions

Problem 2PA: On July 1, Somerset Inc. issued $200,000 of 10%, 10-year bonds when the market rate was 12%. The...

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Question

Harnett Computing has 10-year, non-callable, 9.0% semi-annual coupon bonds outstanding. The bonds have a par value of $1,000 and a nominal YTM of 9.42%. What is the bonds' current market price?

$937.69

$961.38

$1,038.62

$950.33

$973.17

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