What is the price of the bond

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Reference no: EM131155829

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

What is the price of the bond?
Looking for the formula and breakdown.

Reference no: EM131155829

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