Question
Yan Yan Corp. has a $5,000 par value bond outstanding with a coupon rate of 5.4 percent paid semiannually and 13 years to maturity. The
Yan Yan Corp. has a $5,000 par value bond outstanding with a coupon rate of 5.4 percent paid semiannually and 13 years to maturity. The yield to maturity of the bond is 5.9 percent. What is the dollar price of the bond?
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Foundations In Personal Finance
Authors: Dave Ramsey
1st Edition
0981683967, 978-0981683966
