mamagirl439 mamagirl439

22-03-2024
Business

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Union Local School District has bonds outstanding with a coupon rate of 3.2 percent paid semiannually and 15 years to maturity. The yield to maturity on these bonds is 3.5 percent. What is the value of the bonds?

a. $1,000
b. $950
c. $1,100
d. $1,050

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