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Looking for answers and formula. Step by step on how the answer is found. Valuing Bonds- Yan Yan Corp. has a $2,000 par value bond
Looking for answers and formula. Step by step on how the answer is found.
Valuing Bonds- Yan Yan Corp. has a $2,000 par value bond outstanding with a coupon rate of 4.9 percent paid semiannually and 13 years to maturity. The yield to maturity of the bond is 3.8 percent. What is the price of the bond?
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Foundations Of Financial Markets And Institutions
Authors: Frank J Fabozzi, Franco G Modigliani, Frank J Jones
4th Edition
0136135315, 978-0136135319
