Business
Business, 07.05.2020 22:57, joel53

Union Local School District has bonds outstanding with a coupon rate of 3.4 percent paid semiannually and 19 years to maturity. The yield to maturity on these bonds is 3.6 percent and the bonds have a par value of $5,000. What is the price of the bonds? (Do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.) Price $

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