Question
You have inherited some bonds due to mature in 8 years time at which point they will pay out $65,000. How much are they worth
You have inherited some bonds due to mature in 8 years time at which point they will pay out
$65,000. How much are they worth to you in today's dollars if you can earn 4% per annum (effective) in an alternate investment vehicle?
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Financial Markets and Institutions
Authors: Jeff Madura
11th Edition
1133947875, 9781305143005, 1305143000, 978-1133947875
