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Harpeth Valley Water District has a bond outstanding with a coupon rate of 3.39 percent and semiannual payments. The bond matures in 20 years, with
Harpeth Valley Water District has a bond outstanding with a coupon rate of 3.39 percent and semiannual payments. The bond matures in 20 years, with a yield to maturity of 3.99 percent, and a par value of $5,000. What is the market price of the bond? Multiple Choice S4,596.37 $4,58931 $4,681.09 $4,591.93 $4,602.42
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