Problemninja co issued 13-year bonds a year ago at a coupon, Ask an Expert

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Problem:

Ninja Co. issued 13-year bonds a year ago at a coupon rate of 8.5 percent. The bonds make semiannual payments. If the YTM on these bonds is 6.8 percent,

Required:

Question: What is the current bond price?

Note: Be sure to show how you arrived at your answer.

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Category:- Basic Finance
Reference No.:- M91148124

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