Question
Harpeth Valley Water District has a bond outstanding with a coupon rate of 4.43 percent and semiannual payments. The bond matures in 17 years, with
Harpeth Valley Water District has a bond outstanding with a coupon rate of 4.43 percent and semiannual payments. The bond matures in 17 years, with a yield to maturity of 3.83 percent, and a par value of $5,000. What is the market price of the bond?
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Financial Modeling
Authors: Simon Benninga, Tal Mofkadi
5th Edition
0262046423, 9780253337825
