Question
You buy an 8 percent, 30-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, 30-year, $1,000 par value floating rate bond in 1999. By the year 2014, rates on bonds of similar risk are up to 10 percent.
What is your one best guess as to the value of the bond?
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Fixed Income Securities Tools For Todays Markets
Authors: Bruce Tuckman, Angel Serrat
4th Edition
1119835550, 978-1119835554
