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Business, 12.03.2021 15:00, lillianrhoades2
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? (Do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.)
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Answers: 3
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Union Local School District has bonds outstanding with a coupon rate of 2.9 percent paid semiannuall...
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