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Compute the current bond price. ANSWER MUST BE IN EXCEL FORMULA Ninja Co. issued 14-year bonds a year ago at a coupon rate of 6.9

Compute the current bond price.

ANSWER MUST BE IN EXCEL FORMULA

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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? Assume a par value of $1,000 ! 1/1/2000 1/1/2013 6.90% Settlement date Maturity date Coupon rate Coupons per year Face value Yield to maturity 100 5.20% Complete the following analysis. Do not hard code values in your answers. Price

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