Question
Harpeth Valley Water District has a bond outstanding with a coupon rate of 3.95 percent and semiannual payments. The bond matures in 23 years, with a
yield to maturity of 3.71 percent, and a par value of $5,000. What is the market price of the bond?
Multiple Choice
$5,184.58
$5,199.39
$5,192.55
$5,183.51
$5,288.27

Image Transcription

Harpeth Valley Water District has a bond outstanding with a coupon rate of 3.95 percent and semiannual payments. The bond matures in 23 years, with a yield to maturity of 3.71 percent, and a par value of $5,000. What is the market price of the bond? Multiple Choice $5,184.58 $5,199.39 $5,192.55 $5,183.51 $5,288.27

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