A tax-exempt bond was recently issued an annual 10 coupon


A tax-exempt bond was recently issued an annual 10% coupon rate and matures 15 years from today. The par value of the bond is $1000. If the required market rates at 10%, what is the market price of the bond.

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Finance Basics: A tax-exempt bond was recently issued an annual 10 coupon
Reference No:- TGS0937122

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