Question: Ross Assignment Chapter 6 i 4 8.33 points eBook Print References Saved Lion Corp. has a $3,000 par value bond outstanding with a coupon rate

Ross Assignment Chapter 6 i 4 8.33 points eBook Print References

Ross Assignment Chapter 6 i 4 8.33 points eBook Print References Saved Lion Corp. has a $3,000 par value bond outstanding with a coupon rate of 5 percent paid semiannually and 12 years to maturity. The yield to maturity on this bond is 5.6 percent. What is the dollar price of the bond? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Price

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