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For questions, 39-40, use the information in the table below: Bond Price Yield to Maturity/Yield to Call Type Coupon Maturity Callable Payment Frequency Corporate- 8.0%

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For questions, 39-40, use the information in the table below: Bond Price Yield to Maturity/Yield to Call Type Coupon Maturity Callable Payment Frequency Corporate- 8.0% 3 years Yes Semi-annual $950 Callable in 2 years @1,025 ? 6.0% 5 years No Semi-annual Municipal $1,050 The bonds pay coupons every 6 months. 40. 6 points. What is the Coupon Rate on the Municipal Bond? (Show work)

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