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An investor bought $10 million worth of a bond issued by PQR Corporation with nominal yield of 3% and maturity of June 30, 2030, on
An investor bought $10 million worth of a bond issued by PQR Corporation with nominal yield of 3% and maturity of June 30, 2030, on June 30, 2020 at face value (ie, price of $100.00). If the investor sold the same bond on June 30, 2021, the yield on US Treasury Bonds was 1.6210% and PRQ's spread was 100 basis points, the investor would Again or lose _B_dollars.
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