Question: How to do this Bond Prices [LO2] Ninja Co. issued 14-year bonds a year ago at a coupon rate of 6.9 percent. The bonds make

How to do this How to do this Bond Prices [LO2] Ninja Co. issued 14-year bonds

Bond Prices [LO2] 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? 6

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