Ninja co issued 14-year bonds a year ago at a coupon rate


Ninja Co. issued 14-year bonds a year ago at a coupon rate of 7.4 percent. The bonds make semiannual payments. If the YTM on these bonds is 5.7 percent, what is the current bond price?

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Finance Basics: Ninja co issued 14-year bonds a year ago at a coupon rate
Reference No:- TGS0599549

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