Delia purchases a $10 000 real return bond that has a coupon rate of 4.25 percent with
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Delia purchases a $10 000 real return bond that has a coupon rate of 4.25 percent with interest payable semi-annually. If inflation increases by 1.5 percent in the next six months, what is the effect on the bonds par value and the semi-annual coupon payment?
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ISBN: 662
4th Edition
Authors: Richard D. De Veaux, Paul D. Velleman, David E. Bock
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