Sandhill Corp. issued a five-year bond one year ago with a coupon rate of 7.0 percent. The bond pays interest semiannual

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answerhappygod
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Sandhill Corp. issued a five-year bond one year ago with a coupon rate of 7.0 percent. The bond pays interest semiannual

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Sandhill Corp. issued a five-year bond one year ago with a
coupon rate of 7.0 percent. The bond pays interest semiannually. If
the yield to maturity on this bond is 10 percent, what is the price
of the bond? (Round answer to 2 decimal places, e.g. 5,275.25.)
Price of bond = ?
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