Question
A municipal bond with a coupon rate of 4.1 percent has a yield to maturity of 5.1 percent. Assume a face value of $5,000. If
A municipal bond with a coupon rate of 4.1 percent has a yield to maturity of 5.1 percent. Assume a face value of $5,000. If the bond has 15 years to maturity, what is the price of the bond?
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Financial Management For Nurse Managers And Executives
Authors: Cheryl Jones, Steven A. Finkler, Christine T. Kovner
4th Edition
1455700886, 9781455700882
