Question
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?
|
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Methods And Finance
Authors: Emiliano Ippoliti, Ping Chen
1st Edition
3319498711, 978-3319498713
