You have an obligation to pay $1,488 in four years and 2 months. In which bond would you invest your $1,000 to accumulate this amount, with relative certainty, even if the yield on the bond declines to 9.5% immediately after you purchase the bond? Motivate the answer with calculations.

Answer rating: 100% (QA)

Workings Obligation 1488 Time months 4122 50 months Time ... View the full answer