Question
Yan Yan Corp. has a $2,000 par value bond outstanding with a coupon rate of 5.4 percent paid semiannually and 24 years to maturity. The
| Yan Yan Corp. has a $2,000 par value bond outstanding with a coupon rate of 5.4 percent paid semiannually and 24 years to maturity. The yield to maturity on this bond is 4.7 percent. |
| What is the price of the bond? |
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Public Finance and Public Policy
Authors: Jonathan Gruber
5th edition
1464143331, 978-1464143335
