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Layton Corp. has a $4,000 par value bond outstanding with a coupon rate of 4.1 percent paid semiannually and 15 years to maturity. The
Layton Corp. has a $4,000 par value bond outstanding with a coupon rate of 4.1 percent paid semiannually and 15 years to maturity. The yield to maturity of the bond is 4.3 percent. What is the dollar price of the bond? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Price
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Corporate Finance Core Principles And Applications
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan
6th Edition
1260571122, 978-1260571127
