Question: Problem 6-16 Valuing Bonds [LO 2] Lion Corp. has a $4,000 par value bond outstanding with a coupon rate of 4.6 percent paid semiannually and

Problem 6-16 Valuing Bonds [LO 2] Lion Corp. has a $4,000 par value bond outstanding with a coupon rate of 4.6 percent paid semiannually and 20 years to maturity. The yield to maturity on this bond is 21 percent. What is the dollar price of the bond 1(Do not round intermediate calculations and round your answer to 2 decimal places, e.g. 32.16.) Price

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