question archive You own a bond issued by the Canadian Pacific railroad that promises to pay the holder $1552 annually forever
Subject:BusinessPrice:2.87 Bought7
You own a bond issued by the Canadian Pacific railroad that promises to pay the holder $1552 annually forever. The bond is currently selling for 15520. You plan to sell the bond 3 years from now. If similar investments yield 6% at that time, how much will the bond be worth?
Purchased 7 times