The bond matures in 24 years with a yield to maturity of


Harpeth Valley Water District has a bond outstanding with a coupon rate of 3.71 percent and semiannual payments. The bond matures in 24 years, with a yield to maturity of 4.23 percent, and a par value of $5,000. What is the market price of the bond?

Solution Preview :

Prepared by a verified Expert
Finance Basics: The bond matures in 24 years with a yield to maturity of
Reference No:- TGS02546629

Now Priced at $10 (50% Discount)

Recommended (97%)

Rated (4.9/5)