Question
PLEASE SHOW ANSWERS IN EXCEL 10 yrs ago u purchases a 30yr 9% coupon bond. @ the that time the market rate of interest was
PLEASE SHOW ANSWERS IN EXCEL
10 yrs ago u purchases a 30yr 9% coupon bond. @ the that time the market rate of interest was 6.5%. Today you sell the bond (current market rate of interest is 10.5%) How much did u pay for the bond when u purchased it 10yrs ago? How much can u sell the bond for today? What rate of return did u earn on ur investment over th 10yr period that u held the bond?
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Rich Dads Increase Your Financial IQ Get Smarter With Your Money
Authors: Robert T. Kiyosaki
1st Edition
1612680658, 978-1612680651
