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Harpeth Valley Water District has a bond outstanding with a coupon rate of 4.59 percent and semiannual payments. The bond matures in 15 years, with
Harpeth Valley Water District has a bond outstanding with a coupon rate of 4.59 percent and semiannual payments. The bond matures in 15 years, with a yield to maturity of 3.87 percent, and a par value of $5,000. What is the market price of the bond? a) 5422.21 b) 5403.93 c)5415.08 d)5514.90 e) 5406.76
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