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Yan Yan Corp. has a $10,000 par value bond outstanding with a coupon rate of 4.8 percent paid semiannually and 22 years to maturity. The

Yan Yan Corp. has a $10,000 par value bond outstanding with a coupon rate of 4.8 percent paid semiannually and 22 years to maturity. The yield to maturity on this bond is 4.2 percent.

What is the price of the bond?

You find a zero coupon bond with a par value of $10,000 and 28 years to maturity. The yield to maturity on this bond is 5.4 percent. Assume semiannual compounding periods.

What is the price of the bond?

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