A 5000 par value municipal bond with a coupon rate of 27, Financial Management

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A 5000 par value municipal bond with a coupon rate of 27

A 5,000 par value municipal bond with a coupon rate of 2.7 percent has a yield to maturity of 3.9 percent. If the bond has 10 years to maturity, what is the price of the bond? (Round your answer to 2 decimal places. Omit the "$" sign in your response.)

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Financial Management: A 5000 par value municipal bond with a coupon rate of 27

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Financial Management: A 5000 par value municipal bond with a coupon rate of 27

Reference No:- TGS0976120

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