Malinda Cassella
Saturday, December 17, 2011
Question on Bonds in Maths?
A question says there is a bond with a face value of $1 000 000 redeemable at 105. The lecturer concluded from this that the maturity value is $1 050 000. What does redeemable at 105 mean and how did he get this answer??
No comments:
Post a Comment
Newer Post
Older Post
Home
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment