Ninja Co. issued 14-year bonds a year ago at a coupon rate of 6.9%. The bonds make semiannual payments. If the YTM on the bonds
Ninja Co. issued 14-year bonds a year ago at a coupon rate of 6.9%. The bonds make semiannual payments. If the YTM on the bonds is 5.2%, what is the current bond price in dollars? Assume a par value of $1,000.
Settlement date=1/1/2000
Maturity date=1/1/2013
coupons per year=2
face value=100
I need help with the formula to plug into excel
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Authors: David Hartzell, Andrew E. Baum
2nd Edition
1119526094, 978-1119526094
