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you are buying a municipal bond the city government issued to help fund the bulding of new zoo. the face value of the bond is
you are buying a municipal bond the city government issued to help fund the bulding of new zoo. the face value of the bond is but you actually pay for the bond when you buy it at a secondary bond market. the bond has a coupon rate of and will mature in years
a how much intrest will the city pay you each year on this bond
b what is the current yield of this bond? give your answer as a percentage rounded to the nearest thenth.
c at the end of the eight years, how much will the city pay you for the bond? the question has nothing to do wit the intest payments
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