Question
Assume that 5% $100,000 bond with semi-annual interest payments and a remaining life of 20 years could be purchased today, when market interest rates are
Assume that 5% $100,000 bond with semi-annual interest payments and a remaining life of 20 years could be purchased today, when market interest rates are 6%. How much would you have to pay to buy the bond?
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The Selected Works Of George J. Benston Banking And Financial Services Volume 1
Authors: James D. Rosenfeld
1st Edition
0195389018, 0199745471, 9780199745470
