Locate a U.S. municipal bond. You can use this bond screener to search for a municipal bond. Provide a description of the bond, the bond’s current yield, the bond’s yield to maturity, and the bond’s credit rating.
Is the bond an investment-grade bond? How can you tell? Do you think that the bond will experience much interest rate risk? Please justify your decision.
When federal, state, and local governments issue securities, what key roles do they play in the financial markets?
How do these decisions affect you?
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