Question
Your friend needs money today and can pay you $5,575 in 6 year, $2,122 in 8 years, $6,306 in 14 years and $500 at the
Your friend needs money today and can pay you $5,575 in 6 year, $2,122 in 8 years, $6,306 in 14 years and $500 at the end of each quarter starting at the beginning of year 5 and ending at the beginning of year 20. How much would you be willing to lend him today if you both agree that 14.81% interest per year is fair. Assume all interest is compounded quarter.
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Bond Markets Analysis And Strategies
Authors: Frank J.Fabozzi
7th Edition
0136078974, 978-0136078975
