Question: Please solve that problem step by step without excel and answer should be P = $ 1 , 9 3 3 . 8 7 -

Please solve that problem step by step without excel and answer should be P=$1,933.87----------Valuing BondsYan 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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