Question
You buy an 8 percent, 25-year, $1,000 par value floating rate bond in 1999. By the year 2014, rates on bonds of similar risk are
You buy an 8 percent, 25-year, $1,000 par value floating rate bond in 1999. By the year 2014, rates on bonds of similar risk are up to 11 percent. What is your one best guess as to the value of the bond?
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The Budget Building Book For Nonprofits
Authors: Murray Dropkin, Jim Halpin, Bill La Touche
2nd Edition
0787996033, 978-0787996031
