Question
There are two bonds and you have $5,000 of seed money for your investment. STHM bond will mature in 20 years later at repayment of
There are two bonds and you have $5,000 of seed money for your investment. STHM bond will mature in 20 years later at repayment of $16,000. TEMPLE bond will mature in 17 years later at repayment of $14,000. Until then there is no interest for both bonds.
a) Calculate the yearly rate of return for both bonds.
b) Which of bonds is more attractive?
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Take Charge Of Your Money Now Essential Strategies For Winning In Any Financial Climate
Authors: A.J. Monte, Rick Swope
1st Edition
0345517334, 978-0345517333
