Question
Yan Yan Corp. has a 2,000 par value bond outstanding with a coupon rate of 4.9 percent paid semiannually and 13 years maturity. The yield
Yan Yan Corp. has a 2,000 par value bond outstanding with a coupon rate of 4.9 percent paid semiannually and 13 years maturity. The yield to maturity of the bond is 3.8% What is the price of the bond?
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Cornerstones of Financial Accounting
Authors: Jay Rich, Jeff Jones
4th edition
978-1337690881, 9781337669450, 1337690880, 1337690899, 1337669458, 978-1337690898
