Question
Pete Chong manages bonds for a fund company. He purchases 6000 Goldman Sachs Group (GS) bonds that mature in 2037. Since this is a large
Pete Chong manages bonds for a fund company. He purchases 6000 Goldman Sachs Group (GS) bonds that mature in 2037. Since this is a large purchase, the commission is only $0.80 per bond. Find (a) the total cost of the purchase including commissions, (b) the annual interest payment, and (c) the effective interest rate based on total cost including commissions.
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Banking Secrecy And Global Finance
Authors: Donato Masciandaro, Olga Balakina
1st Edition
1137400099, 978-1137400093
