Question: A B C Z Face Value $ 1 0 0 , 0 0 0 $ 1 0 0 , 0 0 0 $ 1 0

A B C Z
Face Value $100,000 $100,000 $100,000 $100,000
State Rate 12%12%12%0%
Term 5 years 5 years 5 years 3 years
Payable Semi-Annual Semi-Annual Semi-Annual N/A
Market Rate 10%12%14%20%

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