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16. Valuing Bonds Lion Corp. has a $2,000 par value bond outstanding with a coupon rate of 3.8 percent paid semiannually and 13 years to
16. Valuing Bonds Lion Corp. has a $2,000 par value bond outstanding with a |
coupon rate of 3.8 percent paid semiannually and 13 years to maturity. The |
yield to maturity of the bond is 4.9 percent. What is the dollar price of the bond? Need steps for Exel |
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