Question
Yan Yan Corporation has a $2,000 par value bond outstanding with a coupon rate of 4.3 percent paid semiannually and 17 years to maturity. The
Yan Yan Corporation has a $2,000 par value bond outstanding with a coupon rate of 4.3 percent paid semiannually and 17 years to maturity. The yield to maturity on this bond is 4.5 percent. What is the dollar price of the bond?
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The Routledge Handbook Of FinTech
Authors: K. Thomas Liaw
1st Edition
0367263599, 978-0367263591
