Question
Yan Yan Corp. has a $3,000 par value bond outstanding with a coupon rate of 4.4 percent paid semiannually and 20 years to maturity. The
Yan Yan Corp. has a $3,000 par value bond outstanding with a coupon rate of 4.4 percent paid semiannually and 20 years to maturity. The yield to maturity of the bond is 5.1 percent.
What is the dollar price of the bond?
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International Business The Challenges Of Globalization
Authors: John J. Wild, Kenneth L. Wild
9th Edition
0134729226, 978-0134729220
