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Yan Yan Corp. has a $2,000 par value bond outstanding with a coupon rate of 4.9 percent paid semiannually and 13 years to maturity, The

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Yan Yan Corp. has a $2,000 par value bond outstanding with a coupon rate of 4.9 percent paid semiannually and 13 years to maturity, The yield to maturity of the bond is 3.8 percent. What is the dollar price of the bond? Settlement date Maturity date Coupon rate Coupons per year Redemption value (% of par) Yield to maturity Par value $ 1/1/2000 1/1/2013 4.90% 2 100 3.80% 2,000 Complete the following analysis. Do not hard code values in your calculations. Leave the "Basis" input blank in the function. You must use the built-in Excel function to answer this question. Dollar price 8 EPVC PV(rate, nper, pmt, IM. [type]) Sheet1 READY 1009

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