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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 $1,25739 $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 $1,25739 $1,036.98 $816.58

Essentials Of Investments
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
Problem 1PS
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d 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 $1,25739 $1,036.98 $816.58
Transcribed Image Text:d 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 $1,25739 $1,036.98 $816.58
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