socceranne
New member
- Joined
- Nov 4, 2008
- Messages
- 2
You bought a bond GGMC 8s17 on 1-1-08 at a price of 55. What is the price in dollars? How many years before it expires (assume it expired in Dec. 31)? ans: 9 years and 2 months (as of begginning of Nov. 2008) How much total interest will be received form the bond by the expiration date? What is the annual yield? How much risk is associated with this bond (low or high) and how do you know?
what I know is that "8s17" means 8% interest and that it matures in 2017 (year 17)
Help!!
what I know is that "8s17" means 8% interest and that it matures in 2017 (year 17)
Help!!