Question
Suppose you purchase a six-year Muni bond for $6000. The face value of the bond when it matures is $7620. Find the APR.
Suppose you purchase a six-year Muni bond for $6000. The face value of the bond when it matures is $7620. Find the APR.
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Financial Markets and Institutions
Authors: Anthony Saunders, Marcia Cornett
6th edition
9780077641849, 77861663, 77641841, 978-0077861667
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