What is the price of the bonds

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Reference no: EM131575454

Union Local School District has bonds outstanding with a coupon rate of 3.4 percent paid semiannually and 19 years to maturity. The yield to maturity on these bonds is 3.6 percent and the bonds have a par value of $5,000.

What is the price of the bonds.

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Reference no: EM131575454

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