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Ninja Co. issued 14-year bonds a year ago at a coupon rate of 8.0 percent. The bonds make semiannual payments. If the YTM on these
Ninja Co. issued 14-year bonds a year ago at a coupon rate of 8.0 percent. The bonds make semiannual payments. If the YTM on these bonds is 6.3 percent, what is the current bond price? (Round your answer to 2 decimal places. (e.g., 32.16)) |
Current bond price | $ |
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