Question
A bond is being advertised in the newspaper for sale. The original face value of the bond is $15,000 and pays a bond rate of
A bond is being advertised in the newspaper for sale. The original face value of the bond is $15,000 and pays a bond rate of 6% compounded monthly. The bond still has a remaining life of three years. How much should you pay for the bond now if you want to have a return on your investment of 12% compounded monthly?
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The American Economy
Authors: Walter Greason, William Gorman
1st Edition
1524902675, 9781524902674
