Business, 12.03.2020 22:58, lilpeepxliltracy

Natural Gas Producers Inc. (NGPI) has an issue of 7-year, 8% annual coupon bonds outstanding. The bonds, which were originally issued 15 years ago, have a face value (FV) of $1,000, a yield-to-maturity (YTM) of 10%, and are noncallable. what is the current market price of NGPI's bonds?

a. $1,339.51
b. $1,071.61
c. $1,178.77
d. $910.87

Are the bonds of Natural Gas Producers Inc. selling at a discount, at par, or at a premium?

a. Discount
b. Premium
c. Par

Answers: 2

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Natural Gas Producers Inc. (NGPI) has an issue of 7-year, 8% annual coupon bonds outstanding. The bo...