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Suppose you are interested in investing in a tax-free municipal bond having a maturity value(F) of $10.000 in six months (or exactly 182.5 days which
Suppose you are interested in investing in a tax-free municipal bond having a maturity value(F) of $10.000 in six months (or exactly 182.5 days which is 0.5 of one year). This bond does not pay any interest (or coupon) payments but rather sells at a discount price (P) of$9780. What ur ld t mturt vr th 6-mnth hldng rd (y)?
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