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Union Local School District has a bond outstanding with a coupon rate of 2.9 percent...

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Finance

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 3.4 percent, and the bond has a par value of $10,000. What is the dollar price of the bond?

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