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Yan Yan Corporation has a $ 5 , 0 0 0 par value bond outstanding with a coupon rate of 4 . 8 percent paid

Yan Yan Corporation has a $

5, 000

par value bond outstanding with a coupon rate of

4.8

percent paid semiannually and

27

years to maturity. The yield to maturity on this bond is

4.8

percent. What is the dollar price of the bond?

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