A 15-year municipal bond was issued 5 years ago its coupon, Ask an Expert

Economics

A 15-year municipal bond was issued 5 years ago. its coupon interest rate is 8%, interest payments are made semiannually, and its face value is $1000. if the urrent market interest rate is 12.36% what should the bonds price?

a. $1,441.20

b. $540.60

c. $1,153,47

$770.60

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91696729

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