Jessica buys a 5-year, $1,000 par value, 4% coupon bond. Exactly 3 years after purchasing the bond, she notices that the
Posted: Fri Mar 04, 2022 9:42 am
Jessica buys a 5-year, $1,000 par value, 4% coupon bond. Exactly
3 years after purchasing the bond, she notices that the price of
her bond increased to $1,057.44. What must be the prevailing
interest rate now for an equivalent bond
3 years after purchasing the bond, she notices that the price of
her bond increased to $1,057.44. What must be the prevailing
interest rate now for an equivalent bond