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

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