A municipal bond with a coupon rate of 440 percent sells


1. A municipal bond with a coupon rate of 4.40 percent sells for $4,830 and has eight years until maturity. What is the yield to maturity of the bond?

2. Why do you think most secondary-market trading in bonds takes place over the counter?

 

3. Discuss capital budgeting and risk, specifically, define a type of risk faced in business and how it can be mitigated and measured.

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Financial Management: A municipal bond with a coupon rate of 440 percent sells
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