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Ninja Co. issued 11-year bonds a year ago at a coupon rate of 7.1 percent. The bonds make semiannual payments. If the YTM on these
Ninja Co. issued 11-year bonds a year ago at a coupon rate of 7.1 percent. The bonds make semiannual payments. If the YTM on these bonds is 5.4 percent, what is the current bond price?
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Entrepreneurial Finance
Authors: Simon Hulme, Chris Drew
1st Edition
1352009811, 978-1352009811
