Question
Given the scenario below... Billy just invested 8,000 into a long term AA Rated Municipal Bond that pays 3%. He thought this would provide a
Given the scenario below...
Billy just invested 8,000 into a long term AA Rated Municipal Bond that pays 3%. He thought this would provide a safe investment, but next year in his portfolio he finds out he lost $400 in his account.
Questions:
1) How did this happen?
2) Explain his loss
3) How to make him feel better about keeping their investment
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Fundamentals Of Corporate Finance
Authors: Stephen A Ross, Randolph W Westerfield, Bradford D Jordan
7th Edition
0073134295, 9780073134291
