Layton Corp. has a $2,000 par value bond outstanding with a coupon rate of 4.6 percent paid

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Layton Corp. has a $2,000 par value bond outstanding with a coupon rate of 4.6 percent paid semiannually and 13 years to maturity. The yield to maturity of the bond is 3.8 percent. What is the dollar price of the bond?

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Corporate Finance Core Principles And Applications

ISBN: 9781260571127

6th Edition

Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan

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Question Posted: Nov 13, 2020 03:23 AM

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Layton Corp. has a $2,000 par value bond outstanding with a coupon rate of 4.6 percent paid

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Corporate Finance Core Principles And Applications

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