Question
Suppose the U.S. Treasury offers to sell you a bond for $5,000. No payments will be made until the bond matures 15 years from now,
Suppose the U.S. Treasury offers to sell you a bond for $5,000. No payments will be made until the bond matures 15 years from now, at which time it will be redeemed for $10,500. What interest rate would you earn if you bought this bond at the offer price?
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M: Finance
Authors: Marcia Cornett, Troy Adair, John Nofsinger
5th Edition
1260772357, 9781260772357
