Question
1 (a) What is the yield to maturity on a bond that has a price of Gh2,000 and pays Gh100 of interest annually, forever? (b)
1 (a) What is the yield to maturity on a bond that has a price of Gh2,000 and pays Gh100 of interest annually, forever?
(b) What is the yield to maturity on a one-year Gh1,000 Treasury bill with a current price of Gh900?
(c) What is the real interest rate if the nominal interest rate is 8% and the expected inflation rate is 10% over the course of a year? What is the implication?
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Principles Of Finance
Authors: Scott Besley, Eugene F. Brigham
3rd Edition
0324232624, 9780324232622
