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1.) Ninja Co. issued 14-year bonds a year ago at a coupon rate of 7.4 percent. The bonds make semiannual payments. If the YTM on
1.) Ninja Co. issued 14-year bonds a year ago at a coupon rate of 7.4 percent. The bonds make semiannual payments. If the YTM on these bonds is 5.7 percent, what is the current bond price? (Round your answer to 2 decimal places. (e.g., 32.16)) 2.) Ninja Co. issued 14-year bonds a year ago at a coupon rate of 8.6 percent. The bonds make semiannual payments. If the YTM on these bonds is 6.9 percent, what is the current bond price? |
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