Question
A 4 year annual payment 5% coupon T-bond has an expected rate of return of 4.36%, with a par value of $1,000. You will be
A 4 year annual payment 5% coupon T-bond has an expected rate of return of 4.36%, with a par value of $1,000. You will be able to sell the bond at the end of the fourth year for its par value. What is the instruments current market price?
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A Fast And Frugal Finance
Authors: William P. Forbes, Aloysius Igboekwu, Shabnam Mousavi
1st Edition
0128124954, 978-0128124956
