Question
A $200,000 bond having a bond rate of 9% payable annually is purchased for $182,000 and kept for 4 years, at which time it is
A $200,000 bond having a bond rate of 9% payable annually is purchased for $182,000 and kept for 4 years, at which time it is sold. How much should it sell for in order to yield a 11% effective annual return on the investment?
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Salomon Smith Barney Guide To Mortgage Backed And Asset Backed Securities
Authors: Lakhbir Hayre
1st Edition
0471385875, 978-0471385875
