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