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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
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?
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Modern Portfolio Theory and Investment Analysis
Authors: Edwin Elton, Martin Gruber, Stephen Brown, William Goetzmann
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9781118805800, 1118469941, 1118805801, 978-1118469941
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