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?
Par=1000 t=13 years to maturity (original time to maturity = 14 years but the bond wasissued a year ago) = 26 semiannual periods C=6.9% annually = 3.45% semiannually YTM=5.2% annually = 2.6% semiannually
