Kent School District has bonds outstanding with coupon rate of 4 percent paid quarterly and 25 years

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Kent School District has bonds outstanding with coupon rate of 4 percent paid quarterly and 25 years to maturity. The yield to maturity on these bonds is 4 percent and the bonds have a par value of 10000. What is the price of the bonds?

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Essentials of Corporate Finance

ISBN: 978-1260013955

10th edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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Posted Date: Jul 25, 2019 02:38 AM

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Kent School District has bonds outstanding with coupon rate of 4 percent paid quarterly and 25 years

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Price of a bond C 1 11y n y M 1y n where C coupon payment y YTM n number of periods M Maturity ... View the full answer

Essentials of Corporate Finance

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