Coupon rate-what is the current bond price

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Ninja Co. issued 12-year bonds a year ago at a coupon rate of 8.4 percent. The bonds make semi-annual payments. If the YTM on these bonds is 6.7 percent, what is the current bond price? (Round your answer to 2 decimal places (e.g., 32.16))

Reference no: EM13766332

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