Yan Yan Corp. has a $2,000 par value bond outstanding with a coupon rate of 4.7 percent

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Yan Yan Corp. has a $2,000 par value bond outstanding with a coupon rate of 4.7 percent paid semiannually and 13 years to maturity. The yield to maturity of the bond is 5.05 percent. What is the dollar price of the bond?

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Fundamentals Of Corporate Finance

ISBN: 9781265553609

13th Edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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Question Posted: Aug 24, 2021 04:59 AM

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Yan Yan Corp. has a $2,000 par value bond outstanding with a coupon rate of 4.7 percent

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Given Par value of the bond 2000 Coupon rate paid semiannually 47 0047 Years to maturity 13 Yie...View the full answer

Fundamentals Of Corporate Finance

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