Union Local School District has a bond outstanding with a coupon rate of 2.9 percent paid semiannually and 16 years to maturity. The yield to maturity on this bond is 2.7 percent, and the bond has a par value of $5,000. What is the dollar price of the bond? Input area: Settlement date 1/1/2020 Maturity date 1/1/2036 Coupon rate 2.90% Coupons per year 2 Redemption value (% of par) 100 Yield to maturity 2.70% Par value $5,000 (Use cells A6 to B12 from the given information to complete this question. You must use the built-in Excel function to answer this question. Leave the “Basis” input blank in the function. You may enter a constant as a hard coded value.) Output area: Price (%) Price

Union Local School District has a bond outstanding with a coupon rate of 2.9 percent paid semiannually and 16 years to maturity. The yield to maturity on this bond is 2.7 percent, and the bond has a par value of $5,000. What is the dollar price of the bond? Input area: Settlement date 1/1/2020 Maturity date 1/1/2036 Coupon rate 2.90% Coupons per year 2 Redemption value (% of par) 100 Yield to maturity 2.70% Par value $5,000 (Use cells A6 to B12 from the given information to complete this question. You must use the built-in Excel function to answer this question. Leave the “Basis” input blank in the function. You may enter a constant as a hard coded value.) Output area: Price (%) Price

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter2: The Domestic And International Financial Marketplace

Section: Chapter Questions

Problem 5P

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Input area:

Settlement date	1/1/2020
Maturity date	1/1/2036
Coupon rate	2.90%
Coupons per year	2
Redemption value (% of par)	100
Yield to maturity	2.70%
Par value	$5,000

(Use cells A6 to B12 from the given information to complete this question. You must use the built-in Excel function to answer this question. Leave the “Basis” input blank in the function. You may enter a constant as a hard coded value.)


Output area:

Price (%)
Price