Question: need the excel formula to input the correct answer. 5 Calculating a bond price - Excel ? 5 1 X FILE HOME INSERT PAGE LAYOUT
5 Calculating a bond price - Excel ? 5 1 X FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sigrinja X Calibri 11 96 - An > A. * Paste BIU. Alignment Number Conditional Format as Cell Formatting Table - Styles Styles Cells Editing Clipboard Font v X A B D E F G H 2 3 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 6 7 8 1/1/2000 1/1/2016 3.70% 9 Settlement date Maturity date Coupon rate Coupons per year Redemption value (% of par) Yield to maturity Par value $ 10 11 12 13 14 100 3.90% 5,000 15 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 16 17 18 19 20 Sheet1 READY Attempt(s) 100% Stow Me Hunt
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