Question: D E 1 G H 1 Union Local School District has bonds outstanding with a coupon rate of 3.7 percent paid semiannually and 16 years

D E 1 G H 1 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? 4 5 5 7 . 10 11 12 Settlement date Maturity date Coupon rate Coupons per year Redemption value (% of par) Yield to maturity Par value $ 1/1/2000 1/1/2016 3,70% 2 100 3.90% 5,000 14 15 Complete the following analysis. Do 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. 16 17 Dollar price

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