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Lion Corp. has a $5,000 par bond outstanding with a coupon rate of 5% paid annually and 10 years to maturity. The yield-to-maturity on this

Lion Corp. has a $5,000 par bond outstanding with a coupon rate of 5% paid annually and 10 years to maturity. The yield-to-maturity on this bond is 4%. What is the dollar price of the bond? Show all work.

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