Question
1.Suppose the U.S. Treasury offers to sell you a bond for $880.00. No payments will be made until the bond matures 7 years from now,
1.Suppose the U.S. Treasury offers to sell you a bond for $880.00. No payments will be made until the bond matures 7 years from now, at which time it will be redeemed for $1,000. What interest rate would you earn if you bought this bond at the offer price?
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Principles Of Corporate Finance
Authors: Lawrence J. Gitman, Sean M. Hennessey
2nd Canadian Edition
0321452933, 978-0321452931
