Question
Your broker offers you the choice between a 8 year 9% Cheney Waterworks bond at $897 or a 12 year 11% Four Lakes School bond
Your broker offers you the choice between a 8 year 9% Cheney Waterworks bond at $897 or a 12 year 11% Four Lakes School bond at $921. If you seek a 12% return on your investment which bond would you purchase?
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Guardians Of Finance
Authors: James R. Barth, Gerard Caprio, Ross Levine
1st Edition
0262526840, 978-0262526845
