Problem 6.17 – Union Local School District
Essentials of Corporate Finance
Ross, Westerfield, and Jordan
10th Edition and 11th Edition
What is the price of the Union Local School District bonds with a coupon rate of 2.9 percent paid semi-annually, 16 years to maturity, a yield to maturity of 2.7 percent, and a par value of $5,000? Your numbers will vary!
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Your numbers will vary.