Question: Please use the excel formula for this problem Union Local School District has bonds outstanding with a coupon rate of 3.7 percent paid semiannually and

Please use the excel formula for this problem Please use the excel formula for this problem Union Local School District

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? 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 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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