Question
Bobby Fischer wants to buy a newly issued 10-year, zero-coupon bond US Treasury bond with a Par Value of $1,000. He bought the bond for
Bobby Fischer wants to buy a newly issued 10-year, zero-coupon bond US Treasury bond with a Par Value of $1,000. He bought the bond for $311.05.
How much does Bobby earn in implicit interest, in dollars, by holding the bond for 2-year? Since this is a US Treasury bond, assume semiannual compounding.
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Essential Wholesaling Strategies For Real Estate Success
Authors: Farisg H. Al-farisi
1st Edition
979-8866103171
