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Union Local School District has bonds outstanding with a coupon rate of 3.8 percent paid semiannually and 29 years to maturity. The yield to maturity

Union Local School District has bonds outstanding with a coupon rate of 3.8 percent paid semiannually and 29 years to maturity. The yield to maturity on these bonds is 2.9 percent and the bonds have a par value of $10,000.What is the price of the bonds?

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