Business, 07.04.2020 21:08 biggz8567

Union Local School District has bonds outstanding with a coupon rate of 2.9 percent paid semiannually and 24 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 2.9 percent paid semiannuall...