Question
Suppose in 2019 you buy 6% coupon rate, $100 face value bond for $100 that has 2 years left till maturity. If in 2020 interest
Suppose in 2019 you buy 6% coupon rate, $100 face value bond for $100 that has 2 years left till maturity. If in 2020 interest rates decrease to 1%, what will be the price of your bond and what will be your rate of return if you decide to sell it then?
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An Inquiry Into The Nature And Causes Of The Wealth Of Nations
Authors: Adam Smith, R H Campbell
1st Edition
0865970068, 9780865970069
