Question: How do you solve this in Excel? Ninja Co. Issued 14-year bonds a year ago at a coupon rate of 6.9%. The bonds make semiannual

How do you solve this in Excel?

Ninja Co. Issued 14-year bonds a year ago at a coupon rate of 6.9%. The bonds make semiannual payments. If the YTM on these bonds is 5.2%, what is the current bond price in dollars? Assume a par value of $1,000.

Settlement date =1/1/2000

Maturity date= 1/12013

Coupon rate= 6.9%

Coupon per year = 2

Face value = 100

Yield to maturity = 5.2%

Complete the following analyis. Do not hard code value in your answers.

Price = ?

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