School district has bonds outstanding with a coupon rate

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Reference no: EM131300428

Union Local School District has bonds outstanding with a coupon rate of 4.5 percent paid semiannually and 20 years to maturity. The yield to maturity on these bonds is 3.8 percent and the bonds have a par value of $10,000. What is the dollar price of the bond?

Reference no: EM131300428

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