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

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A 15-year municipal bond was issued five years ago. Its coupon interest rate is 8%, interest payments are made semiannually and its face value is $1000. If the current market interest rate is 12.36%/yr/yr (this would be i – yield rate), what is the market value of the bond today (what should an investor pay for the bond today)?

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Financial Management, Finance

Category:- Financial Management
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