Question: Please write down any formulas you use, dont just give an answer because that will not help A $10,000, 30-year U.S. Treasury bond was purchased

Please write down any formulas you use, dont just give an answer because that will not help

Please write down any formulas you use, dont just give an answer

A $10,000, 30-year U.S. Treasury bond was purchased in 1980 at 11%, and placed on the market in 1993 when comparable instruments were bringing only 6%. (a) What is a fair estimate of sale price? (b) For the 13-year period that the bond was held, what was the rate of return to the bond holder, given the sale price found in (a)

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