linusjyron2007 linusjyron2007

07-03-2024
Business

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A customer purchases a municipal bond at $960 in the secondary market that will mature in four years. Which of the following statements regarding the purchase is not true?
a) The bond's face value is $1000
b) The bond's coupon rate is 6%
c) The customer will receive interest payments annually
d) The customer will receive the full face value of the bond at maturity

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