Business, 07.10.2021 14:00 lovelife132015

You have just purchased a municipal bond with a $10,000 par value for $9,500. You purchased it immediately after the previous owner received a semiannual interest payment. The bond rate is 6.6 percent per year payable semiannually. You plan to hold the bond for 5 years, selling the bond immediately after you receive the interest payment. If your desired nominal yield is 12 percent per year compounded semiannually, what will be your minimum selling price for the bond

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You have just purchased a municipal bond with a $10,000 par value for $9,500. You purchased it immed...