You buy a 10 percent 15-year 1000 par value floating rate


You buy a 10 percent, 15-year, $1,000 par value floating rate bond in 1999. By the year 2014, rates on bonds of similar risk are up to 12 percent.

What is your one best guess as to the value of the bond?

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Finance Basics: You buy a 10 percent 15-year 1000 par value floating rate
Reference No:- TGS02786900

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