A municipal bond with a coupon rate of 39 percent has a, Financial Management

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A municipal bond with a coupon rate of 39 percent has a

A municipal bond with a coupon rate of 3.9 percent has a yield to maturity of 4.9 percent. Assume a face value of $5,000. If the bond has 5 years to maturity, what is the price of the bond? (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "$" sign in your response.)

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Financial Management: A municipal bond with a coupon rate of 39 percent has a

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