Question
Union Local School District has bonds outstanding with a coupon rate of 4.4 percent paid semiannually and 19 years to maturity. The yield to maturity
| Union Local School District has bonds outstanding with a coupon rate of 4.4 percent paid semiannually and 19 years to maturity. The yield to maturity on these bonds is 3.7 percent and the bonds have a par value of $5,000. |
| What is the dollar price of the bond?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
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Foundations Of Finance
Authors: Arthur J. Keown, John H. Martin, J. William Petty
10th Edition
0135160618, 978-0135160619
