Union Local School District has a bond outstanding with a coupon rate of 2.9 percent paid semiannually and 24 years to maturity. The yield to maturity on this bond is 2.5 percent, and the bond has a par value of $10,000. What is the dollar price of the bond?

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A:

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Q: How do I go about solving this? Thank you!

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Q: Union Local School District has a bond outstanding with a coupon rate of 2.9 percent paid…

A: Calculation of Price of the Bond:The price of the bond is $9,184.18.Excel Spreadsheet:

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Q: ssue price of the bond

A:

Q: The University of California has two bonds outstanding. Both issues have the same credit rating, a…

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Q: bond

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