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Yan Yan Corp. has $2,000 par value bond outstanding with a coupon rate of 4.9 percent paid semiannually and 13 years to maturity. The yeild
Yan Yan Corp. has $2,000 par value bond outstanding with a coupon rate of 4.9 percent paid semiannually and 13 years to maturity. The yeild of the bond is 3.8 percent. What is the dollar price of the bond?
Settlement date= 1/1/2000
Maturity date = 1/1/2013
coupon rate = 4.90%
coupon per year =2
redemption value (% of par) = 100
Yield to maturity = 3.80%
par value = 2,000
Please answer in excel format: =Price(settlement, maturity, rate, yld, redemption, frequency, [basis])
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