Question
A 30-year annual bond is offered at 5%. After that the buyer of the bond sells the bond to someone else, but in between interest
A 30-year annual bond is offered at 5%. After that the buyer of the bond sells the bond to someone else, but in between interest rates rose to 5.5%. Why is the first buyer of the bond upset with what the second buyer of bond is willing to pay?
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Quantitative Analysis for Management
Authors: Barry Render, Ralph M. Stair, Michael E. Hanna, Trevor S. Ha
12th edition
133507335, 978-0133507331
