Question
Suppose you purchase a 20-year, $1,000 treasury bond with a 6% annual coupon ten years ago at par. Today the bond's yield to maturity has
Suppose you purchase a 20-year, $1,000 treasury bond with a 6% annual coupon ten years ago at par. Today the bond's yield to maturity has risen to 8% (EAR). If you sell this bond now, the internal rate of return you will earn on your investment will be closest to:
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Canadian Public Finance
Authors: Genevieve Tellier
1st Edition
1487594410, 978-1487594411
