Business, 07.04.2020 19:40 Citatstuo

Union Local School District has a bond outstanding with a coupon rate of 3.3 percent paid semiannually and 15 years to maturity. The yield to maturity on this bond is 3.8 percent, and the bond has a par value of $10,000. What is the price of the bonds?

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Union Local School District has a bond outstanding with a coupon rate of 3.3 percent paid semiannual...