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? (please provide formula, with givens and value being solved for, thank you!)

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