Question
Yan Yan Corp. has a $10,000 par value bond outstanding with a coupon rate of 5.2 percent paid semiannually and 28 years to maturity. The
Yan Yan Corp. has a $10,000 par value bond outstanding with a coupon rate of 5.2 percent paid semiannually and 28 years to maturity. The yield to maturity of the bond is 4.3 percent.
What is the price of the bond?
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Principles Of Commercial Real Estate Finance
Authors: Gail Ramshaw, Mortgage Bank
1st Edition
0793157099, 9780793157099
