Question: Yan Yan Corp. has a $2,000 par value bond outstanding with a coupon rate of 4.9% paid semiannually and 13 years to maturity. The yield

Yan Yan Corp. has a $2,000 par value bond outstanding with a coupon rate of 4.9% paid semiannually and 13 years to maturity. The yield to maturity is 3.8%. What is the price of the bond?

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