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Week Four Problem Set Yan Yan Corp. has a $2,000 par value bond outstanding with a coupon rate of 5.1 percent paid semiannually and 14

Week Four Problem Set

Yan Yan Corp. has a $2,000 par value bond outstanding with a coupon rate of 5.1 percent paid semiannually and 14 years to maturity. The yield to maturity of the bond is 3.7 percent.

What is the dollar price of the bond?

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