Business, 20.06.2020 22:57, cmariecarrizales

The present worth of a $10,000 municipal bond due 6 years from now is $11,000. If the bond interest is payable quarterly and the interest rate used in discounting the cash flow is 8% per year compounded quarterly, what is the bond coupon rate b per year

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The present worth of a $10,000 municipal bond due 6 years from now is $11,000. If the bond interest...