Question
A bond has the following provisions for a bond: contract interests are 6,8%, annual payments and seven years to final maturity. How high is the
A bond has the following provisions for a bond: contract interests are 6,8%, annual payments and seven years to final maturity. How high is the 5th payment if the bond is:
1) coupon bond?
2) Fixed principal bond?
3) Annuity?
4) What is the answer to question 3, if the rate of return is 6,7%?
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The Meaningful Money Handbook
Authors: Pete Matthew
1st Edition
0857196510, 978-0857196514
