Question
After holding 90-day Telstra promissory notes for 30 days, you decide to sell the notes on the secondary market. Another investment fund, Eastern Cross Securities,
After holding 90-day Telstra promissory notes for 30 days, you decide to sell the notes on the secondary market.
Another investment fund, Eastern Cross Securities, wishes to buy your notes and they have a yield of 4% p.a.
What is the price that they will pay? Assume you bought the notes at $99,265, is it worthwhile to sell the notes?
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Real Estate Finance and Investments
Authors: William Brueggeman, Jeffrey Fisher
14th edition
73377333, 73377339, 978-0073377339
