Question
2 years ago, on june 1st, 2013 goldman sachs LLC issued a perpetual bond which pays interest at the rate of 4.125% per year. the
2 years ago, on june 1st, 2013 goldman sachs LLC issued a perpetual bond which pays interest at the rate of 4.125% per year. the bond trades today at a price of 125.125. should an investor who requires a 3.25% annual rate of return still buy the bond? explain your answer in 2 sentences using bond's current value.
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The Handbook Of Hybrid Securities Convertible Bonds CoCo Bonds And Bail In
Authors: Jan De Spiegeleer, Wim Schoutens, Cynthia Van Hulle
1st Edition
1118449991, 978-1118449998
