Question: Question 5 [5 points] Ms. Casey is purchasing a municipal strip bond with 26 years until maturity. The current market yield for the bond is

 Question 5 [5 points] Ms. Casey is purchasing a municipal strip

Question 5 [5 points] Ms. Casey is purchasing a municipal strip bond with 26 years until maturity. The current market yield for the bond is 4.969% If the face value of the bond is $15,000, what is the price of the bond today? For full marks your answer(s) should be rounded to the nearest cent. 1 1 Price = $ 0.00 1

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