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An investor owns $10,000 par value of a municipal bond with the following rates:4.

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An investor owns $10,000 par value of a municipal bond with the following rates:

    4.0% coupon rate

    5.0% current yield

    4.5% yield to maturity (YTM)

    6.5% tax-equivalent yield

What amount of interest should the investor expect to receive each year?

A.

$400

B.

$450

C.

$500

D.

$650

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