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PLEASE ONLY GIVE EXACT EXCEL FORMULA AND STEPS TO ANSWER. OTHERWISE MY QUESTION WILL BE WASTED. Yan Yan Corp. has a $2,000 par value bond
PLEASE ONLY GIVE EXACT EXCEL FORMULA AND STEPS TO ANSWER. OTHERWISE MY QUESTION WILL BE WASTED.
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? input area: 13 14 (Use cells A6 to 812 from the given information to complete this question. You must use the built-in Excel function to answer 15 this question. Leave the "Basis" input blank in the function. You may enter a constant as a hard coded value.) Step by Step Solution
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