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Union local school district has bonds outstanding with a coupon rate of 3.7% paid semiannually and 20 years to maturity. The yield to maturity on
Union local school district has bonds outstanding with a coupon rate of 3.7% paid semiannually and 20 years to maturity. The yield to maturity on these bonds is 4.2% and the bonds have a par value of $10000. What is the dollar price of each bond?
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Financial Management Of Health Care Organizations
Authors: William N. Zelman, Michael J. McCue, Alan R. Millikan, Noah D. Glick
2nd Edition
063123098X, 9780631230984
