Question
You desire to purchase a $10,000 U.S Treasury Bond issued 10 yrs ago with an original maturity of 30 years that pays interest to its
You desire to purchase a $10,000 U.S Treasury Bond issued 10 yrs ago with an original maturity of 30 years that pays interest to its owner semiannually based on nominal interest rate of 4%. Current market interest rates have increased to 6% nominal. What is the current market value of this Treasury Bond with 20 years of semiannual payment remaining?
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Fundamental Accounting Principles
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
20th Edition
1259157148, 78110874, 9780077616212, 978-1259157141, 77616219, 978-0078110870
