Question
Yan Yan Corp. has a $5,000 par value bond outstanding with a coupon rate of 4.8 percent paid semiannually and 10 years to maturity. The
Yan Yan Corp. has a $5,000 par value bond outstanding with a coupon rate of 4.8 percent paid semiannually and 10 years to maturity. The yield to maturity on this bond is 4.3 percent. What is the price of the bond?
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An Introduction to Investment Banks, Hedge Funds, and Private Equity
Authors: David P. Stowell
1st edition
978-0123745033, 0123745039, 978-9380931074
