Yan Yan Corp. has a $2.000 par value bond outstanding with a coupon rate of 4.8% paid semiannually and 12 years to maturity. The yield to maturity of the bond is 4,4%. What is the price of the bond? Multiple Choice $2,073.97 $1,257.39 $1,036.98 $816.58

Essentials Of Investments
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Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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Yan Yan Corp, has a $2,000 par value bond outstanding with a coupon rate of 4.8% paid semiannually and 12 years to maturity. The yield to maturity of the
bond is 4.4%. What is the price of the bond?
Multiple Choice
$2,073.97
$1,257.39
$1,036.98
$816.58
Transcribed Image Text:led Yan Yan Corp, has a $2,000 par value bond outstanding with a coupon rate of 4.8% paid semiannually and 12 years to maturity. The yield to maturity of the bond is 4.4%. What is the price of the bond? Multiple Choice $2,073.97 $1,257.39 $1,036.98 $816.58
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