Yan Yan Corp. has a $2,000 par value bond outstanding with a coupon rate of 4.9...

 

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Yan Yan Corp. has a $2,000 par value bond outstanding with a coupon rate of 4.9 percent paid semiannually and 23 years to maturity. The yield to maturity on this bond is 4.3 percent. What is the price of the bond? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Price $ 2,145.15 Yan Yan Corp. has a $2,000 par value bond outstanding with a coupon rate of 4.9 percent paid semiannually and 23 years to maturity. The yield to maturity on this bond is 4.3 percent. What is the price of the bond? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Price $ 2,145.15

Answer rating: 100% (QA)

Par value of bond 2000 Coupon rate 49 Coupon payment Par value x Coupon rate 2000 x 49 98 semian... View the full answer