Question
Yan Yan Corp. has a $2,000 par value bond outstanding with a coupon rate of 4.5 percent paid semiannually and 19 years to maturity. The
Yan Yan Corp. has a $2,000 par value bond outstanding with a coupon rate of 4.5 percent paid semiannually and 19 years to maturity. The yield to maturity of the bond is 4.9 percent.
What is the dollar price of the bond?
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
