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Business, 29.02.2020 04:48 darknessmidnight207
A municipal bond dealer buys 100M of 30 year non-callable 9% General Obligation bonds at par less 1 1/2 points. After holding the bonds in inventory for a week, the dealer reoffers the bonds on an 8.90 basis. The dealer's approximate profit or loss per bond on this transaction is:A. loss of $11B. loss of $26C. gain of $10D. gain of $26
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A municipal bond dealer buys 100M of 30 year non-callable 9% General Obligation bonds at par less 1...
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