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What is the current price of the bond for yan yan corp

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Reference no: EM132962499

Yan Yan Corp. has a non-standard $2,000 par value bond outstanding with a coupon rate of 4.9 percent paid semi-annually and 13 years to maturity. The yield to maturity of the bond is 3.8 percent.

Problem 1: What is the current price of the bond?

Reference no: EM132962499

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