A bond with face value 10000 simple interest 645 and term, Ask an Expert

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A bond with face value $10,000, simple interest 6.45%, and term 12 years is originally bought by Larry. After 33 months, he sells it to Curly for $11,400 Curly then holds on to it for 7 years, eventually selling it to Moe for $14,950 Moe keeps the bond until it matures and cashes it in.

a. Which investor made the greatest profit?

b. Which got the greatest percent return on his investment?

c. Which got the greatest percent return per year?

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Financial Management, Finance

Category:- Financial Management
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