Question: S 0 7 . 1 1 Valuing Bonds [ LO 2 ] Union Local School District has a bond outstanding with a coupon rate of

S07.11 Valuing Bonds [LO2]
Union Local School District has a bond outstanding with a coupon rate of 2.9 percent paid semiannually and 13 years to maturity. The Nield to maturity on this bond is 2.7 percent, and the bond has a par value of $5,000. What is the dollar price of the bond? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.9.32.16.
Bond price
S 0 7 . 1 1 Valuing Bonds [ LO 2 ] Union Local

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