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Business, 21.01.2020 01:31 NotYourStudent
Union local school district has a bond outstanding with a coupon rate of 2.8 percent paid semiannually and 16 years to maturity. the yield to maturity on this bond is 3.4 percent, and the bond has a par value of $5,000. what is the price of the bond? (do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.)
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