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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 vield to maturity of 3.83 percent, and a par value of $5,000. What is the market price of the bond? Multiple Choice $5,372.30 $5.38765 $5.47975 55,369.89 $5,300.57
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