Problem 7.10 – Dollar Price of a Semiannual Coupon Bond

Fundamentals of Corporate Finance

Ross, Westerfield, and Jordan

13th Edition

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Yan Yan Corp. has a bond outstanding with a certain par value, a given coupon rate paid semiannually, and a specific number of years to maturity. The yield to maturity of the bond is provided as a percentage. Determine the dollar price of the bond.

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