Question
John has invested into a bond which pays him coupon payment for an infinite period of time. This bond pays John $100 every year. If
John has invested into a bond which pays him coupon payment for an infinite period of time. This bond pays John $100 every year. If we assume that the discount rate is 4%, how much John should pay for this bond?
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Management Science The Art Of Modeling With Spreadsheets
Authors: Stephen G. Powell, Kenneth R. Baker
4th Edition
978-1118517376, 9781118800348, 1118517377, 1118800346, 978-1118582695
