kpruneau4391 kpruneau4391

03-07-2020
Business

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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 2.5 percent and the bonds have a par value of $10,000. What is the price of the bonds

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moonsmile moonsmile

03-07-2020

Answer:

Explanation:

The price of the bond is $9,184.18.

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