Question
Yan Yan Corp has a $5, 000 dollar per value bond outstanding with a coupon rate of 4.8 percent paid semiannually and paid 10 years
Yan Yan Corp has a $5, 000 dollar per value bond outstanding with a coupon rate of 4.8 percent paid semiannually and paid 10 years to maturity. The yield to maturity of the bond is 4.3 percent. What is the price of the bond? Round to two decimal places
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Fundamentals of Investments, Valuation and Management
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
8th edition
1259720697, 1259720691, 1260109437, 9781260109436, 978-1259720697
