1. Harpeth Valley Water District has a bond outstanding with a coupon rate of 4.35 percent and semiannual payments. The bond matures in 18 years, with a yield to maturity of 3.81 percent, and a par value of $5,000. What is the market price of the bond?
2. Mike invested 18900 5 yrs ago. 3 yrs from today, he expects to have 28700. If mike expects to earn same annual rate after 3 yrs from today as annual rate implied from the past and expected Values. How many yrs from today does he expect to have exactly 37100.