A commercial bond currently sells for 1048 and pays 11 over, Ask an Expert

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A commercial bond currently sells for $1,048 and pays 11% over the next 12 years. A customer is seeking to invest in the bond and she is requiring a return on the bond only if the invest yields a return of 10.5% or higher over the life of the investment.. What would be your recommendation to her?

a. Hold the bond that is neither buy nor sell the bond

b. Insufficient information given to make a decision.

c. sell the bond assuming she has it in her portfolio

d. buy the bond

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92424610

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