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 vield to maturity of the bond is 5.05 percent. What is the dollar price of the bond? 3 4 14 (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.) Outputarea: Price (\% of par) Price Students: The scratchpad area is for you to do any additional work you need to solve this question or can be used to show your work. Nothing in this area will be graded, but it will be submitted with your assignment
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