Question
A friend tell you that she can purchase a 10% coupon bond at face value . Your friend states that 10% is a high rate
A friend tell you that she can purchase a 10% coupon bond at face value . Your friend states that 10% is a high rate of interest. You know that the current rate of inflation is 8 percent, and you expect inflation to increase. What advice should you give to your friend about this bond
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Personal Finance
Authors: Jeff Madura, Hardeep Singh Gill
3rd Canadian Edition
978-0133035575, 133035573, 978-0133970524, 133970523, 978-0134040042
