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Problem 18-11 Municipal Bonds (LO3, CFA2) A municipal bond with a coupon rate of 3.4 percent has a yield to maturity of 4.4 percent. Assume

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Problem 18-11 Municipal Bonds (LO3, CFA2) A municipal bond with a coupon rate of 3.4 percent has a yield to maturity of 4.4 percent. Assume a face value of $5,000. the bond has 15 years to maturity, what is the price of the bond? (Do not round Intermediate calculations. Round your answer to 2 decimal places.) Price of the bond

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