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There are zero coupon bonds outstanding that have a YTM of 6.21 percent and mature in 15 years. The bonds have a par value of
There are zero coupon bonds outstanding that have a YTM of 6.21 percent and mature in 15 years. The bonds have a par value of $10,000. If we assume semiannual compounding, what is the price of the bonds?
A municipal bond has a coupon rate of 5.23 percent and a YTM of 5.49 percent. If an investor has a marginal tax rate of 35 percent, what is the equivalent pretax yield on a taxable bond?
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