Question: Valuing Bonds: Yan Yan Corp. has a $2,000 par value bond outstanding with a coupon rate of 4.7% paid semiannually and 13 years to maturity.

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

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