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Refer to Table 6-6. a. On May 23, 2016, what were the coupon rate, price, and yield on municipal bonds issued by the Californ
YTM Price 1092/7 119 3/4 1171/6 3.49 3.83 3.96 120 3.68 4.09 Tax-Exempt Bonds Monday, May 23, 2016 Issue Coupon Building Aid
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Answer #1
a. California (State) various purpose GO bo
Coupon rate                          5.000 %
Price 117 1/6 %
Yield                             3.96 %
b. Yield to maturity                             3.67 %
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