Question
An investment requires you to put $1,000 into the investment today and promises to pay you back $60 every year starting one year from today
An investment requires you to put $1,000 into the investment today and promises to pay you back $60 every year starting one year from today and then continue every year forever. If you decide to invest, what is your required rate of return on this investment (p.a)?
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Bond Markets Analysis And Strategies
Authors: Frank J.Fabozzi
7th Edition
0136078974, 978-0136078975
