You are considering investing (you're a big success and can invest this amount easily) in a bond
Fantastic news! We've Found the answer you've been seeking!
Question:
The price of the bond is now | $43,550 | ||
Year | 1 | 2 | 3 |
Expected Payments to Bond Owner | $1,605.00 | $1,605.00 | $1,605.00 |
Note Year 7 payment = interest and return on principal |
What interest (%/year) do these bonds yield today?
Related Book For
Fundamentals of Investing
ISBN: 978-0133075359
12th edition
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
Posted Date: