Question
You buy a 6 percent, 30-year, $1,000 par value floating rate bond in 2025. By the year 2030, rates on bonds of similar risk are
You buy a 6 percent, 30-year, $1,000 par value floating rate bond in 2025. By the year 2030, rates on bonds of similar risk are up to 8 percent.
What is your one best guess as to the value of the bond?
Value of the bond _______
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Public Finance A Contemporary Application Of Theory To Policy
Authors: David N. Hyman
5th Edition
0030113172, 978-0030113178
