Question
A University of Iowa revenue bond pays an 4.5% level-coupon, matures in twenty years, and offers an effective annual yield (i.e., true yield) of 4%.
A University of Iowa revenue bond pays an 4.5% level-coupon, matures in twenty years, and offers an effective annual yield (i.e., true yield) of 4%. The bond has a principal value of $1000 and pays interest semiannually. What is the value of this bond, to the nearest dollar?
$1,074
$1,049
$456
$1,618
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Who Is Your Competition You Real Estate Wholesaling Questions Answers And Tools To Help Beginners Crush Their Fears And Stop Procrastinating
Authors: Nick Zalonis
1st Edition
1716097193, 978-1716097195
