Question: Yan 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
Yan 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?
| Input area: | ||
| Settlement date | 1/1/2020 | |
| Maturity date | 1/1/2033 | |
| Coupon rate | 4.70% | |
| Coupons per year | 2 | |
| Redemption value (% of par) | 100 | |
| Yield to maturity | 5.05% | |
| Par value | $2,000 |
| (Use cells A6 to B12 from the given information to complete this question. You must use the built-in Excel function to answer this question. Leave the Basis input blank in the function. You may enter a constant as a hard coded value.) | ||||||||
| Output area: | ||
| Price (% of par) | ||
| Price |
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