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Business, 07.03.2020 02:41 natachalebrun2

Union Local School District has bonds outstanding with a coupon rate of 3.1 percent paid semiannually and 22 years to maturity. The yield to maturity on these bonds is 3.4 percent and the bonds have a par value of $10,000.

What is the price of the bonds?

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Union Local School District has bonds outstanding with a coupon rate of 3.1 percent paid semiannuall...

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