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Topic: BOND AND STOCK VALUATION solve by hand, using a financial calculator or excel. b. ABC Retailers just issued 200 16-year bonds with face value

Topic: BOND AND STOCK VALUATION
solve by hand, using a financial calculator or excel.
image text in transcribed
b. ABC Retailers just issued 200 16-year bonds with face value of 5,000. The quoted price of those bonds is 96.268, and they pay coupon twice a year. If the yield to maturity on this bond is 5.27%, what is the coupon rate? What is the dollar price of each of those bonds? What is the total value of the bonds outstanding

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