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Union Local School District has bonds outstanding with a coupon rate of 3.7 percent paid semiannually and 16 years to maturity. The yield to maturity
Union Local School District has bonds outstanding with a coupon rate of 3.7 percent paid semiannually and 16 years to maturity. The yield to maturity on these bonds is 3.9 percent and the bonds have a par value of $5,000. What is the dollar price of the bond? 1/1/2000 1/1/2016 3.70% Settlement date Maturity date Coupon rate Coupons per year Redemption value (% of par) Yield to maturity Par value 100 3.90% 5,000 Complete the following analysis. Do not hard code values in your calculations. Leave the "Basis" input blank in the function. You must use the built-in Excel function to answer this question Dollar price
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