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Harpeth Valley Water District has a bond outstanding with a coupon rate of 3.47 percent and semiannual payments. The bond matures in 21 years, with

Harpeth Valley Water District has a bond outstanding with a coupon rate of 3.47 percent and semiannual payments. The bond matures in 21 years, with a yield to maturity of 4.05 percent, and a par value of $5,000. What is the market price of the bond?

  • $4,684.31

  • $4,595.02

  • $4,592.46

  • $4,605.58

  • $4,599.52

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