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Posted on Oct 06, 2024

You buy a municipal bond for $20,000 with an interest rate of 5%, and you hold it until its maturity date in 10 years. a.

You buy a municipal bond for $20,000 with an interest rate of 5%, and you hold it until its maturity date in 10 years.

a. What is the amount of the interest payment you will receive every six months?

b. What will be the amount of the final payment you receive in 10 years?

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