Yan yan corp has a 4000 par value bond outstanding with a, Ask an Expert

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Yan Yan Corp. has a $4,000 par value bond outstanding with a coupon rate of 5.7 percent paid semiannually and 18 years to maturity. The yield to maturity of the bond is 6.4 percent. What is the dollar price of the bond? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

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Financial Management, Finance

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