Question
Yan Yan Corporation has a $2000 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 $2000 par value bond outstanding with a coupon rate of 4.3 percent paid semiannually and 17 years to maturity. The yield to maturity on the bond is 4.5 percent. What is the dollar price of the bond?
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Authors: John Biggs, Eric Villines
1st Edition
1260459063, 978-1260459067
