The yield to maturity on these bonds is 33 percent and the, Financial Management

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The yield to maturity on these bonds is 33 percent and the

Union Local School District has bonds outstanding with a coupon rate of 2.8 percent paid semiannually and 25 years to maturity. The yield to maturity on these bonds is 3.3 percent and the bonds have a par value of $5,000. What is the price of the bonds? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Price $

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Financial Management: The yield to maturity on these bonds is 33 percent and the

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