MCM indiv proj 3

600 words

• Locate a U.S. municipal bond. You can use this bond screener (http://screener.finance.yahoo.com/bonds.html) 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?