2024 – You bought one of Great White Shark Repellant Co s 9 percent coupon bonds one year ago for 790

You bought one of Great White Shark Repellant Co. – 2024

You bought one of Great White Shark Repellant Co.’s 9 percent coupon bonds one year ago for $790. These bonds make annual payments and mature 13 years from now. Suppose you decide to sell your bonds today, when the required return on the bonds is 11 percent. If the inflation rate was 3.

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