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Harpeth Valley Water District has a bond outstanding with a coupon rate of 4.11 percent and semiannual payments. The bond matures in 21 years, with
Harpeth Valley Water District has a bond outstanding with a coupon rate of 4.11 percent and semiannual payments. The bond matures in 21 years, with a yield to maturity of 3.75 percent, and a par value of $5,000. What is the market price of the bond? Multiple Choice $5,275.04 $5,260.01 $5,268.10 $5,258.44 $5,365.21
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