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Problem 7-10 Valuing Bonds [LO2] Yan Yan Corporation has a $4,000 par value bond outstanding with a coupon rate of 4.6 percent paid semiannually
Problem 7-10 Valuing Bonds [LO2] Yan Yan Corporation has a $4,000 par value bond outstanding with a coupon rate of 4.6 percent paid semiannually and 20 years to maturity. The yield to maturity on this bond is 2.1 percent. What is the dollar price of the bond? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Bond price
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Financial Institutions Management A Risk Management Approach
Authors: Marcia Cornett, Patricia McGraw, Anthony Saunders
8th edition
978-0078034800, 78034809, 978-0071051590
