Question
A municipal bond with a coupon rate of 2.8 percent has a yield to maturity of 3.8 percent. Assume a face value of $5,000. If
A municipal bond with a coupon rate of 2.8 percent has a yield to maturity of 3.8 percent. Assume a face value of $5,000. If the bond has 10 years to maturity, what is the price of the bond?
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Investing In Mortgage Backed And Asset Backed Securities
Authors: Glenn M. Schultz, Frank J. Fabozzi
1st Edition
1118944003, 978-1118944004
