Question
A municipality is planning to issue a 5-year zero-coupon bond. The face value is $1,000 and the yield-to-maturity is 5.6%. What is the price of
A municipality is planning to issue a 5-year zero-coupon bond. The face value is $1,000 and the yield-to-maturity is 5.6%. What is the price of this muni-bond? Round to the nearest cent. Do not include a dollar sign in your answer. (i.e. If your answer is $432.51, then type 432.51 without $ sign)
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Fundamentals Of Electric Circuits
Authors: Matthew Sadiku, Charles Alexander
3rd Edition
9780073301150
