About the price of the bond

Assignment Help Financial Management

Reference no: EM131460583

Yan Yan Corp. has a $3,000 par value bond outstanding with a coupon rate of 5 percent paid semiannually and 14 years to maturity. The yield to maturity on this bond is 3.9 percent.

What is the price of the bond? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Price $

Reference no: EM131460583

Questions Cloud

Appropriate method for prediction purposes : Simple exponential smoothing is an appropriate method for prediction purposes when there is a significant trend present in a time series data?

How could you apply the data in the companys general ledger : How could you apply the data in the company's general ledger? Explain how this additional information could help you in your analysis?

What is his primary motivation : What is his primary motivation? Do you think that Equality is right to be motivated in this way? Explain the reasons for your answer.

Define the concept of a business model : MGMT20132-Innovation and Sustainable Business Development. Explain what is involved when one conceptualises business models as systems

About the price of the bond : Yan Yan Corp. has a $3,000 par value bond outstanding with a coupon rate of 5 percent paid semiannually and 14 years to maturity. What is the price of the bond?

Find a linear equation giving the number of employees : Find a linear equation giving the number of employees in the air transportation industry in terms of? x, the number of years since 1987

Estimate the garch-m model : Estimate the GARCH-M model. Discuss the estimated results - generate data for the GARCH-M model - Use the display command when discussing the results.

What is the break-even point on units for poseidon swim : What is the break-even point on units for Poseidon Swim?

Calculate the probability of teenagers smoked in given year : According to figures released by the New York City government, smoking amongst New York City teenagers is on a decline, continuing a trend that began more than.

User Account

All Pages