Union Local School District has bonds outstanding with a coupon rate of 3.5 percent paid...
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Accounting
Union Local School District has bonds outstanding with a coupon rate of 3.5 percent paid semiannually and 18 years to maturity. The yield to maturity on these bonds is 37 percent and the bonds have a par value of $10,000. What is the dollar price of the bonds? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.9., 32.16
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