Question
Problem 7-10 Valuing Bonds [LO2] Yan Yan Corp. has a $5,000 par value bond outstanding with a coupon rate of 4.8 percent paid semiannually and
Problem 7-10 Valuing Bonds [LO2]
| Yan Yan Corp. has a $5,000 par value bond outstanding with a coupon rate of 4.8 percent paid semiannually and 27 years to maturity. The yield to maturity on this bond is 4.8 percent. |
| What is the price of the bond? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
| Price | $ |
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Equity Valuation And Portfolio Management
Authors: Frank J. Fabozzi, Harry M. Markowitz
1st Edition
047092991X, 9780470929919
