Question: Problem 8 - 9 Valuing Bonds Union Local School District has bonds outstanding with a coupon rate of 3 . 2 percent paid semiannually and
Problem Valuing Bonds
Union Local School District has bonds outstanding with a coupon rate of percent paid semiannually and years to maturity. The yield to maturity on these bonds is percent and the bonds have a par value of $ What is the dollar price of the bond? Do not round intermediate calculations and round your answer to decimal places, eg
Answer is complete but not entirely correct.
tableBond price,$
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