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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Question
What is new issue bond?
Expert Solution
Step 1
The bond is a fixed income financial instrument that is issued by the government or by the companies to raise the fund from the market. The interest paid by the issuer to the bondholder is fixed.
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