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Union Local Scholl District has bonds outstanding with a coupon rate of 46 paid semiannually and 21 years to maturity The yield to maturity on these bonds is 39 and the bonds have a par value of

Union Local Scholl District has bonds outstanding with a coupon rate of 4.6% paid semiannually and 21 years to maturity. The yield to maturity on these bonds is 3.9% and the bonds have a par value of $5,000.

A) What is the dollar price of the bond? (Do not round intermediate calculations and round your answer to 2 decimal places)

1) Bond price $_____________ (The answer is not 5,515.84)

*****Please have someone who can calculate this problem correctly complete it because the last time it was wrong********

 

Sep 08 2020 Read more Less More

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