Question
Two years ago you bought a 30-year $10,000 government bond that pays an annual coupon of $300. Lets say you want to sell the bond
Two years ago you bought a 30-year $10,000 government bond that pays an annual coupon of $300. Lets say you want to sell the bond in the secondary market. Interest rates on current 30-year government bonds are 6%. what is the price your bond will sell for in the secondary market?
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Remittances And International Development
Authors: Sabith Khan, Daisha Merritt
1st Edition
0367521881, 978-0367521882
