Question
Simple Interest: An investor bought a 91-day government bond with a face value of 100,000 USD to yield an annual rate of return of 0.99%.
Simple Interest:
An investor bought a 91-day government bond with a face value of 100,000 USD to yield an annual rate of return of 0.99%.
On the same day, the investor sold the bond to yield 0.95%.
Calculate the profit on the sale of the bond.
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Foundations Of Real Estate Financial Modelling
Authors: Roger Staiger
2nd Edition
1138046183, 978-1138046184
