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

Union Local School District has bonds outstanding with a coupon rate of 3.5 percent paid semiannually and 13 years to maturity. The yield to maturity on these bonds is 2.5 percent and the bonds have a par value of $10,000

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