Question
Yan Yan Corp. has a $3,000 par value bond outstanding with a coupon rate of 4.8 percent paid semiannually and 16 years to maturity. The
| Yan Yan Corp. has a $3,000 par value bond outstanding with a coupon rate of 4.8 percent paid semiannually and 16 years to maturity. The yield to maturity of the bond is 4.1 percent. |
| What is the dollar price of the bond?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
| Bond price | $ |
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Small Business Management Launching and Growing New Ventures
Authors: Justin Longenecker, Leo Donlevy, Terri Champion, William Petty, Leslie Palich, Frank Hoy
6th Canadian edition
176532218, 978-0176532215
