Question
A pension fund manager has the opportunity to invest the $500,000 in a debt obligation that promises to pay an annual interest rate of 7.1%
A pension fund manager has the opportunity to invest the $500,000 in a debt obligation that promises to pay an annual interest rate of 7.1% compounded semiannually. What is the future of this investment?
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Bond Markets Analysis And Strategies
Authors: Frank J. Fabozzi, Francesco A. Fabozzi
10th Edition
026204627X, 978-0253337535
