Question
Brent purchased a 20-year zero-coupon bond with a $1,000 par value and a 6% yield to maturity. One year later, interest rates increased to 8%.What
Brent purchased a 20-year zero-coupon bond with a $1,000 par value and a 6% yield to maturity. One year later, interest rates increased to 8%.What is Brent's loss in this investment ?
(round your answer to nearest cent)
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Investments Analysis and Management
Authors: Charles P. Jones
12th edition
978-1118475904, 1118475909, 1118363299, 978-1118363294
