Question
Union Local School District has a bond outstanding with a coupon rate of 2.9 percent paid semiannually and 16 years to maturity. The yield to
Union Local School District has a bond outstanding with a coupon rate of 2.9 percent paid semiannually and 16 years to maturity. The yield to maturity on this bond is 2.7 percent, and the bond has a par value of $5,000. What is the dollar price of the bond?
PLEASE SHOW WRITTEN EQUATIONS. NO EXCEL PLEASE
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Selling Professional And Financial Services Handbook
Authors: Scott Paczosa, Chuck Peruchini
1st Edition
1118728149, 978-1118728147
