A municipal bond that was issued by the city of chicago 3, Ask an Expert

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A municipal bond that was issued by the city of chicago 3 years ago has a face value of 25,000 and a bond interest rate of 6% per year payable semiannually if the bond is due 25 years after it was issued

A) What are the amount and frequency of the bond interest payments and

b) What value of n must be used in the p/A formula to find the present worth of the remaining bond intreset payments? asumme the market intrest year is 8% per year compunded semianually.

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Financial Management, Finance

Category:- Financial Management
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