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Union Local School District has bonds outstanding with a coupon rate of 2 . 8 percent paid semiannually and 2 5 years to maturity. The
Union Local School District has bonds outstanding with a coupon rate of percent paid semiannually and years to maturity. The
yield to maturity on these bonds is percent and the bonds have a par value of $ What is the dollar price of the bonds?
Note: Do not round Intermedlate calculations and round your answer to decimal places, eg
Price
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