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%

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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General Accounting

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%
Transcribed Image Text: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%
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