What is dollar price of the bond

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Reference no: EM131328990

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.)

Reference no: EM131328990

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What is dollar price of the bond : 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?

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