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Practice Exam Question Reinvestment Risk
Hey guys/girls have another question I need help on, if you don’t mind:
3 yrs ago, at the advice of her financial planner, an investor purchased a $1000 face, 4.5%, semiannual coupon bond with 7 yrs to maturity priced to yield 6.5% for $888.94. The reinvestment income that must be generated over the life of the bond to realize a yield of 6.5% is closest to:
A. $72
B. $76
C. $80
D. $83
Thanks for the help! |
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发表于 2013-4-6 07:26
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