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ONLYYY TYPINGG PLZZZZ Three months ago, Jim purchased $X1 of U.S. Treasury bonds. These bonds have a 30-year maturity period, and they pay dividends every
ONLYYY TYPINGG PLZZZZ
Three months ago, Jim purchased $X1 of U.S. Treasury bonds. These bonds have a 30-year maturity period, and they pay dividends every three months at an APR of x2%. However, todays interest rates for similar securities have risen to a (x2+1)%APR (compounded quarterly). In view of the interest-rate increase to (x2+1)%, what is the current value of Jims bonds today? X1=$9000,X2=20%
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