214

   

NATURE OF CAPITAL AND INCOME [CHar. XIII

Rates oF INTEREST

(reckoned semi-annually) realized on a bond (with semi-annual coupons)
 known as a

“Three per cent bond”

 

 

 

YEARS TO MATURITY

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

PRICE
1 2 3 5 10 20 30 50
120 1.8 {21 {23
110 1.9 2.4 2.5 2.6
105 1.3 2.0 2.4 2.7 2.8 2.8
103 1.5 2.0 2.4 2.7 2.8 29 2.9
102 2.0 2.3 2.6 2.8 2.9 2.9 2.9
101 2.0 2.5 2.9 2.8 29 29 2.9 3.0
100 3.0 3.0 3.0 3.0 3.0 3.0 3.0 3.0
99 4.0 3.5 3.4 3.2 3.1 3.1 3.1 3.0
98 5.1 4.1 3.7 3.4 3.2 3.1 3.1 3.1
97 6.1 4.6 4.1 3.7 3.4 32 3.2 3.1
95 8.3 5.7 4.8 4.1 3.6 3.3 3.3 3.2
90 8.6 6.7 5.3 4.2 3.7 3.6 3.4
80 7.9 5.7 4.5 4.2 3.9
70 7.3 5.5 4.9 4.5
Ditto for a *“ Four per cent bond”
YEARS TO MATURITY
PRICE

5

   

10