Question: Hello, can I please get the step by step solution to this problem using excel? Thank you! Union Local School District has bonds outstanding with

Hello, can I please get the step by step solution to this problem using excel? Thank you!

this problem using excel? Thank you! Union Local School District has bonds

Union Local School District has bonds outstanding with a coupon rate of 4.2 percent paid semiannually and 17 years to maturity. The yield to maturity on these bonds is 3.5 percent and the bonds have a par value of $5,000. What is the dollar price of each bond? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

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