Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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How much would an investor lose the first year if she purchased a 30-year zero-coupon bond with a $1,000 par value and a yield to maturity of 11.40% only to see market interest rates increase to 13.40% one year later?
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