Question: Problem 6 - 1 6 Valuing Bonds [ LO 2 ] Yan Yan Corporation has a $ 2 , 0 0 0 par value bond

Problem 6-16 Valuing Bonds [LO 2]
Yan Yan Corporation has a $2,000 par value bond outstanding with a coupon rate of 4.3 percent paid semiannually and 17 years to maturity. The yield to maturity on this bond is 4.5 percent. What is the dollar price of the bond?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.

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