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What is the dollar price of the bond

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Reference no: EM131133972

Question:

Union Local School District has bonds outstanding with a coupon rate of 4.3 percent paid semiannually and 18 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 dollar price of the bond

Reference no: EM131133972

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