Yan Yan Corp. has a $2,000 par value bond outstanding with a coupon rate of 4.7 percent
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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?
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Given Par value of the bond 2000 Coupon rate paid semiannually 47 0047 Years to maturity 13 Yie...View the full answer
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Related Book For
Fundamentals Of Corporate Finance
ISBN: 9781265553609
13th Edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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