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Yan Yan Corp. has a $5,000 par value bond outstanding with a coupon rate of 4.2 percent paid semiannually and 16 years to maturity. The

Yan Yan Corp. has a $5,000 par value bond outstanding with a coupon rate of 4.2 percent paid semiannually and 16 years to maturity. The yield to maturity on this bond is 4.4 percent.

What is the price of the bond?

I want to have detail(clear) formula with solves (explains).

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