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Harpeth Valley Water District has a bond outstanding with a coupon rate of 2 . 7 5 percent and semiannual payments. The bond matures in

Harpeth Valley Water District has a bond outstanding with a coupon rate of

2.75

percent and semiannual payments. The bond matures in

12

years, with a yield to maturity of

3.51

percent, and a par value of $

5, 000 .

What is the market price of the bond?

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