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Three months ago, Jim purchased $14000 of U.S. Treasury bonds. These bonds have a 30-year maturity period, and they pay dividends every three months at
Three months ago, Jim purchased $14000 of U.S. Treasury bonds. These bonds have a 30-year maturity period, and they pay dividends every three months at an APR of 14%. However, todays interest rates for similar securities have risen to a (15)%APR (compounded quarterly). In view of the interest-rate increase to (15)%, what is the current value of Jims bonds today? draw the cash flow diagram if applicable.
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