Question: Compute the current bond price. ANSWER MUST BE IN EXCEL FORMULA Ninja Co. issued 14-year bonds a year ago at a coupon rate of 6.9

Compute the current bond price.

ANSWER MUST BE IN EXCEL FORMULA

Compute the current bond price. ANSWER MUST BE IN EXCEL FORMULA Ninja

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 ! 1/1/2000 1/1/2013 6.90% Settlement date Maturity date Coupon rate Coupons per year Face value Yield to maturity 100 5.20% Complete the following analysis. Do not hard code values in your answers. Price

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