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Problem 1: A $5,000 face value municipal bond matures in 10 years and is priced at $4,850. The coupon rate is 4.75% with interest paid semiannually. What is the yield to maturity on the bond?
Multiple Choice
Option 1: 5.61%
Option 2: 5.85% Option 3: 5.40% Option 4: 5.14% Option 5: 4.77%
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bridge city consulting bought a building and the land on which it is located for 186600 cash. the land is estimated to
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