Question
I bought a 30-year bond 10 years ago with a par value of $1,000 and the coupon rate is 10%, rated AAA, and the required
I bought a 30-year bond 10 years ago with a par value of $1,000 and the coupon rate is 10%, rated AAA, and the required rate of return is 12%. Would it be a good idea to sell the bond because I need the cash. A friend of mine has offered me $800 for the bond. Should I sell the bond for $800? Why or Why not?
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Finance Applications and Theory
Authors: Marcia Cornett
4th edition
1259691411, 978-1259691416
