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Business, 29.08.2019 18:00 evere11605

Valuing bonds [lo2] union local school district has a bond outstanding with a coupon rate of 3.7 percent paid semiannually and 16 years to maturity. the yield to maturity on this bond is 3.9 percent, and the bond has a par value of $5,000. what is the price of the bond?

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