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Part 3. A. What is the price of a 12% coupon rate bonds that matures in 4 years if market interest rate is 14%? B.

Part 3.

A. What is the price of a 12% coupon rate bonds that matures in 4 years if market interest rate is 14%?

B. What is the difference in before tax yield of a 15.33% corporate bond and a 7% municipal bond for an investor in a 25% marginal tax rate?

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