Problem
Determine the current interest rate on the following securities, and explain why the interest rates are different for these different bonds.
(a) U.S. Treasury bond due in 5 years
(b) General obligation bond of a municipal district, city, or a state due in 20 years
(c) Corporate debenture bond of a U.S. industrial firm due in 20 years.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.