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Yan Yan Corporation has a $4,000 par value bond outstanding with a coupon rate of 5.2 percent paid semiannually and 26 years to maturity. The
Yan Yan Corporation has a $4,000 par value bond outstanding with a coupon rate of 5.2 percent paid semiannually and 26 years to maturity. The yield to maturity on this bond is 5.8 percent. What is the dollar price of the bond? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16
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Principles Of Financial Management
Authors: Haim Levy, Marshall Sarnat
1st Edition
0137097751, 978-0137097753
