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Harpeth Valley Water District has a bond outstanding with a coupon rate of 3.23 percent and semiannual payments. The bond matures in 18 years, with

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Harpeth Valley Water District has a bond outstanding with a coupon rate of 3.23 percent and semiannual payments. The bond matures in 18 years, with a yield to maturity of 3.87 percent, and a par value of $5,000. What is the market price of the bond? 17 Multiple Choice $4,58789 $4.590 59 $4,60100 $4,594.95 $4,679.65

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