Question
Union Local School District has bonds outstanding with a coupon rate of 3.5 percent paid semiannually and 18 years to maturity. The yield to maturity
| Union Local School District has bonds outstanding with a coupon rate of 3.5 percent paid semiannually and 18 years to maturity. The yield to maturity on these bonds is 3.9 percent and the bonds have a par value of $10,000. |
| What is the dollar price of the bond? |
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
