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Yan Yan Corp. has a $2,000 par value bond outstanding with a coupon rate of 4.7 percent paid semiannually and 13 years to maturity. The
Yan Yan Corp. has a $2,000 par value bond outstanding with a coupon rate of 4.7 percent paid semiannually and 13 years to maturity. The yield to maturity of the bond is 5.05 percent. What is the dollar price of the bond?
Input area: | ||
Settlement date | 1/1/2020 | |
Maturity date | 1/1/2033 | |
Coupon rate | 4.70% | |
Coupons per year | 2 | |
Redemption value (% of par) | 100 | |
Yield to maturity | 5.05% | |
Par value | $2,000 |
(Use cells A6 to B12 from the given information to complete this question. You must use the built-in Excel function to answer this question. Leave the Basis input blank in the function. You may enter a constant as a hard coded value.) | ||||||||
Output area: | ||
Price (% of par) | ||
Price |
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