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Union Local School District has bonds outstanding with a coupon rate of 3 . 3 percent paid semiannually and 1 5 years to maturity.the yield

Union Local School District has bonds outstanding with a coupon rate of 3.3 percent paid semiannually and 15 years to maturity.the yield to maturity on these bonds is 3.8 percent and the bonds have a par value of $10,000. What is the price of the bonds? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.
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