Question if the ytm on these bonds is 67 percent what is, Finance Basics

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Question if the ytm on these bonds is 67 percent what is

Problem:

Ninja Co. issued 12-year bonds a year ago at a coupon rate of 8.4 percent. The bonds make semiannual payments.

Required:

Question: If the YTM on these bonds is 6.7 percent, what is the current bond price?

Note: Please describe comprehensively and provide step by step solution.

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Finance Basics: Question if the ytm on these bonds is 67 percent what is

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Finance Basics: Question if the ytm on these bonds is 67 percent what is

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