Scooter wishes to sell a bond that has a face value of 980
Scooter wishes to sell a bond that has a face value of $980. The bond bears an interest rate of 17.65% with bond interest payable quarterly. Three years ago, $1009 was paid for the bond. At least a 17.61% return (yield) on the investment is desired.
Now Priced at $10 (50% Discount)
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scooter wishes to sell a bond that has a face value of 980 the bond bears an interest rate of 1765 with bond interest
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