Question
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
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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 yield to maturity on this bond is 4.4 percent. |
| What is the price of the bond? Answer previously posted is incorrect. |
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Finance At The Threshold
Authors: Christopher Houghton Budd
1st Edition
0566092115, 978-0566092114
