Question
You have just purchased a U.S. Treasury bond for $790. No payments will be made until the bond matures 5 years from now, at which
You have just purchased a U.S. Treasury bond for $790. No payments will be made until the bond matures 5 years from now, at which time it will be redeemed for $1,000. What interest rate will you earn on this bond?
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Fixed Income Markets And Their Derivatives
Authors: Suresh Sundaresan
3rd Edition
0123850517, 978-0123704719
