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

Accounting

Problem:

Ninja Co. issued 13-year bonds a year ago at a coupon rate of 7.9 percent. The bonds make semiannual payments.

Required:

Question: If the YTM on these bonds is 6.2 percent, what is the current bond price?

Note: Explain all calculation and formulas.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91169685

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