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Mycroft Corp. has a $5,000 par value bond outstanding with a coupon rate of 4.2 percent paid semiannually and 16 years to maturity The yield

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Mycroft Corp. has a $5,000 par value bond outstanding with a coupon rate of 4.2 percent paid semiannually and 16 years to maturity The yield to maturity of the bond is 4.4 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 2,394.04

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