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Hi, I have a question on bonds: Yan Yan Corp. has a $3,000 par value bond outstanding with a coupon rate of 5 percent paid semiannually and 12 years...

Hi, I have a question on bonds:


Yan Yan Corp. has a $3,000 par value bond outstanding with a coupon rate of 5 percent paid semiannually and 12 years to maturity. The yield to maturity of the bond is 5.6 percent.

 

What is the price of the bond? 

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