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What would you be willing to pay for a $1000 par, 7 1/2% coupon bond with 25 years until maturity if you wanted to earn

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What would you be willing to pay for a $1000 par, 7 1/2% coupon bond with 25 years until maturity if you wanted to earn a return of 8%? . $973 $962 $947 $931 2 pts Question 2 The City of Tempe has a municipal bond outstanding with an interest rate of 3.3%. For an investor in the 25% tax bracket, what is their tax equivalent yield? 3.9% 4.4% 4.6% 5.1% Question 3 2 pts Builtrite currently has a $1000 par, 7 year maturity, zero coupon bond outstanding that is selling for $711. What is the bonds yield to maturity? 3%

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