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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 yield to maturity of 3.83 percent, and a par value of $5,000. What is the market price of the bond?
A. $5,369.83
B. $5,372.30
C. $5,380.57
D. $5,479.75
E. $5,387.65
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