What is the dollar price of the bond

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Union Local School District has bonds outstanding with a coupon rate of 3.9 percent paid semiannually and 22 years to maturity. The yield to maturity on these bonds is 4.5 percent and the bonds have a par value of $10,000. What is the dollar price of the bond?

What is the dollar price of the bond?

Reference no: EM131190578

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