Question
Jack buys a $445 bond that pays interest twice yearly at 15% p.a. and is redeemable at par in 10 years. The purchase price is
Jack buys a $445 bond that pays interest twice yearly at 15% p.a. and is redeemable at par in 10 years. The purchase price is $360. After 6 years, Jack sells this bond to Chris for $280. What yield j2 does Jack realise on his investment?
please give me a specific expaination !!
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Entrepreneurship
Authors: Andrew Zacharakis, William D Bygrave
5th Edition
1119563097, 9781119563099
