Problemninja co issued 11-year bonds a year ago at a coupon, Ask an Expert

Accounting

Problem:

Ninja Co. issued 11-year bonds a year ago at a coupon rate of 8.3 percent. The bonds make semiannual payments.

Required:

Question: If the YTM on these bonds is 6.6 percent, what is the current bond price?

Note: Solve the problem and show all work.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91173567

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