A B C Z

Face Value $$100,000$ $$100,000$ $$100,000$ $$100,000$

State Rate $12\%12\%12\%0\%$

Term $5$ years $5$ years $5$ years $3$ years

Payable Semi$-$Annual Semi$-$Annual Semi$-$Annual N$/$A

Market Rate $10\%12\%14\%20\%$