You pay $5600 for a municiple bond. When it matures after 19 years you receive $11700. The total return is

Question

asked Dec 21, 2021 19.4k views

1 Answer

AntLaC · Answer 1 · 2021-12-27T18:50:52+0000

Answer:

The total return is $6,100

Explanation:

You pay $5600 for a municiple bond. When it matures after 19 years you receive $11700.