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Greetings,

Not sure where I'm going wrong on this question. Any help is greatly appreciated. Thank you!

Harpeth Valley Water District has a bond outstanding with a coupon rate of 3.55 percent and semiannual payments. The bond matures in 22 years, with a yield to maturity of 4.11 percent, and a par value of $5,000. What is the market price of the bond?

Posted Date: May 19, 2024 06:15 AM

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