Question
If a municipal bond pays an annual coupon payment of $100 and has a par value of $500 with four years remaining to maturity. Is
If a municipal bond pays an annual coupon payment of $100 and has a par value of $500 with four years remaining to maturity. Is this a good buy, if market interest rate is 10%. (Calculate the NPV of the bond).
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Financial Analysis With Microsoft Excel 2016
Authors: Timothy R. Mayes, Todd M. Shank
8th Edition
1337298042, 9781337298049
