Ten years ago franky frugal bought some 20-year treasury, Ask an Expert

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Ten years ago Franky Frugal bought some 20-year treasury bonds for $200,000. The bonds will pay $4900 per year for 20 years, and at the end of 20 years he will receive his last payment plus his original $200,000 back. Unfortunately Franky's wife is really ill, and he needs all of the money he can get to pay his bills. He decides to sell his bond. The current rate on a 10-year T-bond is 6.68% per year. What is the current value of his bonds?

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Financial Management, Finance

Category:- Financial Management
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