Question
There is a 30 year bond, which pays 6% per annum at the time that required rates are10%. We buy with the intention of selling
There is a 30 year bond, which pays 6% per annum at the time that required rates are10%. We buy with the intention of selling it in 4 years at which time the required rate is 6%. How much do we sell it in 4 years, and how much do we buy it now?
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Investments An Introduction
Authors: Herbert B Mayo
11th Edition
1133936520, 9781133936527
