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Natural Gas Producers Inc. (NGPI) has an issue of 12-year, 10% annual coupon bonds outstanding. The bonds, which were originally issued 20 years ago, have
Natural Gas Producers Inc. (NGPI) has an issue of 12-year, 10% annual coupon bonds outstanding. The bonds, which were originally issued 20 years ago, have a face value (FV) of $1,000, a yield-to-maturity (YTM) of 9%, and are noncallable, what is the current market price of NGPI's bonds? $1,339.51 $1,071.61 $1,178.77 $910.87 Are the bonds of Natural Gas Producers Inc. selling at a discount, at par, or at a premium? Discount Premium Par
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