Edith Wharton's The Age of Innocence earned her the first Pulitzer Prize for literature awarded to a woman. Published in 1920 but set in 1870s New York, the novel explores the labyrinth of high society in America's Gilded Age. The novel depicts the doomed marriage of Newland Archer and May Welland.
You Sell Your Bond Before It Matures & Interest Rates have gone down. You buy a 10 year U.S. Treasury Note with a face value of $1,000 and an interest rate of 4.26%. If you sell your bond before it matures and interest rates have dropped 2%, you will receive $1,118.54 (plus any interest paid before the sale).
Treasury notes do carry some risk of principal if theyâre sold prior to maturity. Like all fixed income securities, the price of the security moves in inverse proportion to interest rates. If rates are higher when the notes are sold than they were at initial purchase, the value of the note will be less. If rates are lower at the time of sale than at purchase, the value of the notes will be higher.