Purchased a bond issued by the municipality of Yellow Brick County for $972 and received annual coupon
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Question:
Purchased a bond issued by the municipality of Yellow Brick County for $972 and received annual coupon payments of $39 for three years then sold the bond for $998 at the end of year 3.
Determine the IRR of this investment.
Describe two risks associated with this type of investment.
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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