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ninja Co. issued 11-year bonds a year ago at a coupon rate of 8.9 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 8.9 percent. The bonds make semiannual payments. If the YTM on these bonds is 7.2 percent, what is the current bond price?

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