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Question: union local school district has bonds outstanding with a coupon...

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Union Local School District has bonds outstanding with a coupon rate of 4.3 percent paid semiannually and 18 years to maturity. The yield to maturity on these bonds is 3.4 percent and the bonds have a par value of $10,000. What is the dollar price of each bond? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) What is the bond price?

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