Municipal Bond Analysis

The following format is mandatory: Cover Page (Name, Assignment #, class time, date) Page 1: Using, select a municipal bond that traded recently. List its 1) credit ratings, 2) coupon rate, 3) yield-to-maturity, 4) dollar price, 5) maturity date, 6) trade date and 7) special features such as call provisions. Go to the Emma home page and click on “Advanced Search”. At a minimum select state; under “Security Info” Official Statement; and other under “Disclosure”. Scroll down and select any municipal bond that looks interesting. Click on “official statement” and “ratings.” If no official statement or bond ratings (S&P or Fitch) are available, try another bond. Click on trade activity and select a recent “customer bought” trade to complete the assignment. Maturity Date (#5), Coupon (#2) listed as “interest rate,” Price (#4), Yield-to-Maturity (#3), and Trade Date (#6) are found on this page. You will need to go to the “Official Statement” tab to uncover Call Provisions (#7). The key word to look for is “redemption.” You will need to go to “Ratings” tab to find the Credit Ratings (#1). Page 2: Assume you are an Arizona resident buying an Arizona tax-exempt municipal bond. Calculate the taxable equivalent yield for the municipal bond you selected using the following site: The site provides Federal income tax rates. (Feel free to assume a higher income level if you are a “starving student”) Current Arizona marginal income tax brackets ($ rounded), needed as a model input, follow: SINGLE MARRIED $0+ 2.59% $0+ 2.59% $10,179+ 2.88% $20,357+ 2.88% $25,445+ 3.36% $50,890+ 3.36% $50,890+ 4.24% $101,779+ 4.24% $152,668+ 4.54% $305,336+ 4.54% Print the “View Report” result of the calculator and submit as Page 2. Page 3: Attach page one of the “Official Statement” for the bond you selected.

#Municipal #Bond #Analysis

Table of Contents

Calculate your order
Pages (275 words)
Standard price: $0.00

Latest Reviews

Impressed with the sample above? Wait there is more

Related Questions

Unit 9 Health promotion

Topic 1: Diverse Populations and Age. Read the required readings. Consider the influence of socioeconomic status (SES), culture, gender, ethnicity, and spirituality on mental and

New questions

Don't Let Questions or Concerns Hold You Back - Make a Free Inquiry Now!