FIN 571-Yan Yan Corp. has a $4,000 par value bond outstanding with a coupon

| June 14, 2018

Yan Yan Corp. has a $4,000 par value bond outstanding with a coupon rate of 5.3 percent paid semiannually and 13 years to maturity. The yield to maturity of the bond is 4.7 percent. What is the dollar price of the bond?

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