A Montana state bond can be converted to $1,000 within 5 years of purchase. If the Montana bonds are comparable to Wyomi
Posted: Wed Apr 06, 2022 9:10 am
A Montana state bond can be converted to $1,000 within 5 years of purchase. If the Montana bonds are comparable to Wyoming bonds that pay 5% compounded annually, determine the price of the Montana bonds. They are zero coupon bonds.