Ninja Co. issued 14-year bonds a year ago at a coupon rate of 6.9 percent. The bonds make semiannual payments. If the YTM on these bonds is 5.2 percent, what is the current bond price in dollars? Here is the information needed to perform the calculation: Settlement date: 1/1/2000 Maturity date: 1/1/2013 Coupon rate: 6.90% Coupons per year: 2 Face value: $100 Yield to maturity: 5.20%
Ninja Co. issued 14-year bonds a year ago at a coupon rate of 6.9 percent. The bonds make semiannual payments. If the YTM on these bonds is 5.2 percent, what is the current bond price in dollars? Here is the information needed to perform the calculation: Settlement date: 1/1/2000 Maturity date: 1/1/2013 Coupon rate: 6.90% Coupons per year: 2 Face value: $100 Yield to maturity: 5.20%
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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