Given the scenario below... Billy just invested 8,000 into a long term AA Rated Municipal Bond that
Fantastic news! We've Found the answer you've been seeking!
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 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
Posted Date: