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Ninja Co. issued 11-year bonds a year ago at a coupon rate of 7.7 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 7.7 percent. The bonds make semiannual payments. If the YTM on these bonds is 6.0 percent, what is the current bond price? (Round your answer to 2 decimal places.
current bond price = ?
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