Question
Yan Yan Corp. has a $5,000 par value bond outstanding with a coupon rate of 5.8 percent paid semiannually and 14 years to maturity. The
| Yan Yan Corp. has a $5,000 par value bond outstanding with a coupon rate of 5.8 percent paid semiannually and 14 years to maturity. The yield to maturity of the bond is 6.4 percent. |
| What is the dollar price of the bond? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
| Bond price | $ |
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Meetings Expositions Events And Conventions An Introduction To The Industry
Authors: George G. Fenich
4th Global Edition
1292093765, 9781292093765
