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If a Revenue Muni Bond with a coupon rate of 4.8% and YTM of 5.8% has a maturity date of 4/15/33, what would its price
If a Revenue Muni Bond with a coupon rate of 4.8% and YTM of 5.8% has a maturity date of 4/15/33, what would its price be (assuming semiannual coupons)? (3 points)
a. Why is the price a premium or discount to par? Briefly explain. (3 points)
b. What is unique, in terms of how this bond is secured/collateralized and taxability of coupons, about this particular bond...relative to General Obligation?
Please show Excel cell inputs. Thank you!
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