Question
2. You invest $1000 (the face value) in a 10-year 4.8% annual-pay coupon bond in your taxable account, and your tax rate is 28%. If
2. You invest $1000 (the face value) in a 10-year 4.8% annual-pay coupon bond in your taxable account, and your tax rate is 28%. If the reinvestment rate is 2.9%, what will be the future value of the accumulated coupons and principal?
3. What is the price of an annual-pay 3.8% coupon bond with six years to maturity and a face value of $1000 if the YTM is 2.9%?
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The Zen Of Personal Finance How To Get It Going And Keep It Flowing
Authors: Donald J. Simon
1st Edition
0979815517, 9780979815515
