Treasury Bonds The following Treasury bond quote appeared in The Wall Street Journal on May 11, 2004:

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Treasury Bonds The following Treasury bond quote appeared in The Wall Street Journal on May 11, 2004:

9.125 May 09 100:03 100:04 –– –2.15 Why would anyone buy this Treasury bond with a negative yield to maturity? How is this possible?

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Corporate Finance With Connect Access Card

ISBN: 978-1259672484

10th Edition

Authors: Stephen Ross ,Randolph Westerfield ,Jeffrey Jaffe

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