What is the current bond price, Accounting Basics

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What is the current bond price

Problem:

Ninja Co. issued 19-year bonds a year ago at a coupon rate of 6.9 percent. The bonds make semiannual payments.

Required:

Question: If the YTM on these bonds is 5.2 percent, what is the current bond price? Assume a face value of $1,000

Note: Please provide reasons to support your answer.

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Accounting Basics: What is the current bond price

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Accounting Basics: What is the current bond price

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