Question
Yan Yan Corp has a $5000 par value bond outstanding with a coupon rate of 5.8% paid semiannually and 14 years to maturity. The yield
Yan Yan Corp has a $5000 par value bond outstanding with a coupon rate of 5.8% paid semiannually and 14 years to maturity. The yield to maturity of the bond is 6.4% What is the dollar price of the bond? Please show your step for calculations.
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Financial Reporting And Statement Analysis A Strategic Approach
Authors: Clyde P. Stickney, Paul Brown, James M. Wahlen
5th Edition
032418638X, 978-0324186383
