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Apr 8 2013 07:36pm

Ninja Co. issued 14-year bonds a year ago at a coupon rate of 8.0 percent. The bonds make semiannual payments. If the YTM on these bonds is 6.3 percent, what is the current bond price?
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Apr 9 2013 01:31am
http://en.wikipedia.org/wiki/Bond_valuation

Use m-100, c-4, t-13,I-0.0315

If exactly one year. If haven't received coupon, add 4, if not exactly 1 year, need to add accrued interest.
Remember coupon is higher than yield so price should be at a premium
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Apr 9 2013 10:42am
Quote (ilike @ Apr 8 2013 09:36pm)
Ninja Co. issued 14-year bonds a year ago at a coupon rate of 8.0 percent. The bonds make semiannual payments. If the YTM on these bonds is 6.3 percent, what is the current bond price?


if you still need pm me and ill help you out
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Apr 9 2013 02:15pm
it's alrdy been solved. madeinchinars made it even more confusing
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