Yan Yan Corp. has a $2.000 par value bond outstanding with a coupon rate of 4.8% paid semiannually and 12 years to maturity. The yield to maturity of the bond is 4,4%. What is the price of the bond? Multiple Choice $2,073.97 $1,257.39 $1,036.98 $816.58
Yan Yan Corp. has a $2.000 par value bond outstanding with a coupon rate of 4.8% paid semiannually and 12 years to maturity. The yield to maturity of the bond is 4,4%. What is the price of the bond? Multiple Choice $2,073.97 $1,257.39 $1,036.98 $816.58
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Yan Yan Corp, has a $2,000 par value bond outstanding with a coupon rate of 4.8% paid semiannually and 12 years to maturity. The yield to maturity of the
bond is 4.4%. What is the price of the bond?
Multiple Choice
$2,073.97
$1,257.39
$1,036.98
$816.58](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc967c12f-ef37-4414-92c2-37337d468ed6%2F201e1628-f244-41c4-b28c-7bf525856006%2Fwqbn54m_processed.jpeg&w=3840&q=75)
Transcribed Image Text:led
Yan Yan Corp, has a $2,000 par value bond outstanding with a coupon rate of 4.8% paid semiannually and 12 years to maturity. The yield to maturity of the
bond is 4.4%. What is the price of the bond?
Multiple Choice
$2,073.97
$1,257.39
$1,036.98
$816.58
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