Question
Suppose the U.S Treasury offers to sell you a bond for $3,000. No Payments will be made until the bond matures 10 years from now,
Suppose the U.S Treasury offers to sell you a bond for $3,000. No Payments will be made until the bond matures 10 years from now, at which time it will be redeemed for $5600. What interest rate would you earn if you bought this bond at the offer price?
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Money Talks Explaining How Money Really Works
Authors: Nina Bandelj ,Frederick F. Wherry ,Viviana A. Zelizer
1st Edition
0691202893, 978-0691202891
