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Bond Assignment | Professional Writing

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May 20th, 2020

Yan Yan Corp. has a $2,000 par value bond outstanding with a coupon rate of 5.4 percent paid semiannually and 24 years to maturity. The yield to maturity of the bond is 4.7 percent.

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Homework For You

What is the 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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