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Explain the nature and purpose of bonds.

Finance
You should spend between $100,000 and $200,000 on a group of debt investments. From your experience exploring the corporate, federal, and municipal bond markets, please select at least:
One corporate bond purchase. One Treasury bill or bond.
One municipal bond.

Explain the nature and purpose of bonds.
Explain call provisions and compute yield to call.
Interpret bond ratings.
Contrast current yield and yield to maturity

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