Question
Assume that a $1,500,000 par value, semiannual coupon Irvine municipal bond with 30 years to maturity has a coupon rate of 1.5%. The yield to
Assume that a $1,500,000 par value, semiannual coupon Irvine municipal bond with 30 years to maturity has a coupon rate of 1.5%. The yield to maturity of the bond is 1.5%. Calculate the price of the municipal bond. Group of answer choices
$1,400,000
$1,434,000
$1,500,000
$1,655,400
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The New Managed Account Solutions Handbook
Authors: Stephen D. Gresham, Arlen S. Oransky
1st Edition
0470222786, 978-0470222782
