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A revenue bond matures in 15 years, pays a 5.5 percent coupon rate every 6 months, and has a face value of $5,000. The market
A revenue bond matures in 15 years, pays a 5.5 percent coupon rate every 6 months, and has a face value of $5,000. The market interest rate for similar risk and maturity municipal bonds is 4 percent. What is the current price of the bond? What would the price be if the market was 6 percent?
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Foundations In Personal Finance
Authors: Dave Ramsey
3rd Edition
1936948524, 978-1936948529
