Question
Yan Yan Corp. has a $10,000 par value bond outstanding with a coupon rate of 4.7 percent paid semiannually and 9 years to maturity. The
| Yan Yan Corp. has a $10,000 par value bond outstanding with a coupon rate of 4.7 percent paid semiannually and 9 years to maturity. The yield to maturity on this bond is 4.4 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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Finance And Sustainable Development
Authors: Magdalena Ziolo
1st Edition
0367819767, 978-0367819767
