Question: Problem 7-10 Valuing Bonds [LO2] Yan Yan Corporation has a $4,000 par value bond outstanding with a coupon rate of 41 percent paid semiannually and

Problem 7-10 Valuing Bonds [LO2] Yan Yan Corporation has a $4,000

Problem 7-10 Valuing Bonds [LO2] Yan Yan Corporation has a $4,000 par value bond outstanding with a coupon rate of 41 percent paid semiannually and 15 years to maturity. The yield to maturity on this bond is 43 percent. What is the dollar price of the bond? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Bond price

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