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Valuing bonds union local school district has bonds

Question: Valuing Bonds. Union Local School District has bonds outstanding with a coupon rate of 3.7 percent paid semiannually and 16 years to maturity. The yield to maturity on these bonds is 3.9 percent and the bonds have a par value of $5,000. What is the price of the bonds?

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Finance Basics: Valuing bonds union local school district has bonds

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