On January 1, 2019, VVV Company issued $2,200,000 of 12-year, 4% coupon bonds. The yield to… 1 answer below »

On January 1, 2019, VVV Company issued $2,200,000 of 12-year, 4% coupon bonds. The yield to maturity is 2%, and the bonds pay interest semi-annually. What is the selling price of the bonds?

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