Are junk bonds and zero coupon bonds the same? Explain. What are the basic tax features of a tax-exempt municipal bond?
Answer to relevant QuestionsWhat is a convertible bond, and why do investors buy convertible securities?Briefly describe the two basic sources of return to investors.An investor is thinking about buying some shares of Razortronics, Inc., at $75 a share. She expects the price of the stock to raise to $115 a share over the next three years. During that time, she also expects to receive ...A 25-year, zero coupon bonds was recently quoted at 6.500. Find the current yield and yield to maturity of this issue, given the bond has a par value of $1,000. (Assume annual compounding for the yield to maturity measure.)What’s the difference between an open-end mutual fund and an ETF?
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