You buy an 8 percent 25 year 1000 par value floating rate


You buy an 8 percent, 25 year, 1000 par value floating rate bond in 1999. By the year 2004, rates on bonds of similar risk are up to 11 percent. What is your one best guess as to the value of the bond?

Request for Solution File

Ask an Expert for Answer!!
Financial Management: You buy an 8 percent 25 year 1000 par value floating rate
Reference No:- TGS01223812

Expected delivery within 24 Hours