Question: D - A $ 1 0 , 0 0 0 face value municipal bond pays $ 1 0 0 0 6 2 interest at the

D- A $10,000 face value municipal bond pays $100062 interest at the end of every year. If there are 12 more years of payments, at what price today would the bond yield 18% over the next 12 years?
(a) $1372
(b) $4793
(c) $6165
(d) $10,000
D - A $ 1 0 , 0 0 0 face value municipal bond

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