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What formula is used to solve this? Ninja Co. issued 14-year bonds a year ago at a coupon rate of 6.9 percent. The bonds make

image text in transcribedWhat formula is used to solve this?

Ninja Co. issued 14-year bonds a year ago at a coupon rate of 6.9 percent. The bonds make semiannual payments. If the YTM on these bonds is 5.2 percent, what is the current bond price in dollars? Assume a par value of $1,000. Settlement date Maturity date Coupon rate Coupons per year Face value Yield to maturity 1/1/2000 1/1/2013 6.90% 2 100 5.20% Complete the following analysis. Do not hard code values in your answers. Price

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