An investor invested a one-year maturity zero coupon rate bond 60 days ago by paying 965 USD from primary market. The bond is traded in the market with %3 interest rate today. If the bond's face value is $1,000 and year is accepted as a 360 days. If the investor sells the bond today, what will be his/her return from this investment.
An investor invested a one-year maturity zero coupon rate bond 60 days ago by paying 965 USD from primary market. The bond is traded in the market with %3 interest rate today. If the bond's face value is $1,000 and year is accepted as a 360 days. If the investor sells the bond today, what will be his/her return from this investment.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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An investor invested a one-year maturity zero coupon rate bond 60 days ago by paying 965 USD from primary market. The bond is traded in the market with %3 interest rate today. If the bond's face value is $1,000 and year is accepted as a 360 days. If the investor sells the bond today, what will be his/her
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