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Ninja Co. issued 12-year bonds a year ago at a coupon rate of 8.4 percent. The bonds make semiannual payments. If the YTM on these
Ninja Co. issued 12-year bonds a year ago at a coupon rate of 8.4 percent. The bonds make semiannual payments. If the YTM on these bonds is 6.7 percent, what is the current bond price? (Round your answer to 2 decimal places. (e.g., 32.16))
Stone Sour Corp. issued 30-year bonds 9 years ago at a coupon rate of 7.40 percent. The bonds make semiannual payments. If these bonds currently sell for 104 percent of par value, what is the YTM? (Round your answer to 2 decimal places. (e.g., 32.16))
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