Question
You have decided to buy a perpetuity. The bond makes one payment at the end of every year forever and has an interest rate of
You have decided to buy a perpetuity. The bond makes one payment at the end of every year forever and has an interest rate of 6 %.
If you initially put $ 2,000 into the bond, what is the coupon payment every year?
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International Financial Reporting And Analysis
Authors: David Alexander, Ann Jorissen, Martin Hoogendoorn
8th Edition
978-1473766853, 1473766850
