Union local school district has a bond outstanding with a, Financial Management

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Union local school district has a bond outstanding with a

Union Local School District has a bond outstanding with a coupon rate of 8.09 percent paid semiannually and 5 year to maturity. The yield to maturity on this bond is 8.92 percent, and the bond has a par value of $5,000. What is the price of the bond?

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Financial Management: Union local school district has a bond outstanding with a

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