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you purchased a bond at a price of 3,600. In 25 years when the bond matures, the bond will be worth $25,000. it is exactly
you purchased a bond at a price of 3,600. In 25 years when the bond matures, the bond will be worth $25,000. it is exactly 21 years after you purchased the bond and you can sell the bond today for $16,825. If you hold the bond until it matures what annual rate of return will you earn from today?
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The New Microfinance Handbook A Financial Market System Perspective
Authors: Joanna Ledgerwood, Julie Earne, Candace Nelson
1st Edition
0821389270, 978-0821389270
