Question: LO 2 16. Valuing Bonds. 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?

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LO 2 16. Valuing Bonds. 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?