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13 Please show your work so I can learn it Union Local School District has bonds outstanding with a coupon rate of 3.7 percent paid
13 Please show your work so I can learn it
Union Local School District has bonds outstanding with a coupon rate of 3.7 percent paid semiannually and 16 years to maturity. The yield to maturity on these bonds is 3.9 percent and the bonds have a par value of $5,000. What is the dollar price of the bond? Settlement date 1/1/2000 Maturity date Coupon rate Coupons per year Redemption value (% of par) Yield to maturity 1/1/2016 3.70% 2 100 3.90% 5,000 Par value Complete the following analysis. Do not hard code values in your calculations. Leave the "Basis" input blank in the function. You must use the built-in Excel function to answer this question. Dollar priceStep by Step Solution
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