question archive Suppose that someone owns a 30?-year ?$22,000
Suppose that someone owns a 30?-year ?$22,000
Subject:BusinessPrice: Bought3
Suppose that someone owns a 30?-year ?$22,000. T-bond with a rate of 4?%. After 10 years the bond is sold for? cash, but interest rates have fallen to 2.5?%.
?(a)How much has the bond paid in total for the first 10 ?years?
?(b)How much will the bond pay the person buying it over the next 20 years?
?(c)How much is the bond currently? worth?
Please provide step by step on the last question. Thank you
