Question: value 2.50 points Yan Yan Corp has a $3,000 par value bond outstanding with a coupon rate of 5 percent paid semiannually and 14 years

value 2.50 points Yan Yan Corp has a $3,000 par value

value 2.50 points Yan Yan Corp has a $3,000 par value bond outstanding with a coupon rate of 5 percent paid semiannually and 14 years to maturity. The yield to maturity on this bond is 3 9 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 eBook & Resources

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