An investor invested a one-year maturity zero coupon rate bond 60days ago by paying 965 USD from primary market. The bond is traded in the market with % 3 interest rate today. Ifthe bond's face value is $1,000 and yearis accepted as a360 days. If the investor sells the bond today, what will behis/her return from this investment.?

An investor invested a one-year maturity zero coupon rate bond 60days ago by paying 965 USD from primary market. The bond is traded in the market with % 3 interest rate today. Ifthe bond's face value is $1,000 and yearis accepted as a360 days. If the investor sells the bond today, what will behis/her return from this investment.?

Personal Finance

13th Edition

ISBN:9781337669214

Author:GARMAN

Publisher:GARMAN

Chapter14: Investing In Stocks And Bonds

Section: Chapter Questions

Problem 6DTM

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