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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?
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$4,684.31
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$4,595.02
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$4,592.46
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$4,605.58
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$4,599.52
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