Question
Yan Yan Corp. has a $2,000 par value bond outstanding with a coupon rate of 5.5 percent paid semiannually and 16 years to maturity. The
| Yan Yan Corp. has a $2,000 par value bond outstanding with a coupon rate of 5.5 percent paid semiannually and 16 years to maturity. The yield to maturity of the bond is 5.8 percent. |
| What is the dollar price of the bond? |
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Global Finance And Development
Authors: David Hudson
1st Edition
0415436354, 978-0415436359
