Question
How much would an investor lose the first year if she purchased a 30-year zero-coupon bond with a $1000 par value and a 10% yield
How much would an investor lose the first year if she purchased a 30-year zero-coupon bond with a $1000 par value and a 10% yield to maturity, only to see market interest rate increase to 12% one year later?
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Foundations Of Financial Management
Authors: Stanley B. Block, Geoffrey A. Hirt, Bartley R. Danielsen
13th Edition
0073382388, 978-0073382388
