The Intelligent Investor - The Definitive Book On Value Investing

1902 low1920 high1928 low1932 high1946 low1970 high1971 close

S & PAAA

Composite

4.31%6.404.535.522.448.447.14

S & P

Municipals

3.11%5.283.905.271.457.065.35

1905 high1920 low1930 high1932 low1936 high1939–40 low1946 high1970 low1971 close

A. T. & S. F.

4s, 1995^105

1 ⁄^2

(^6910575117)
1 ⁄^4
99
1 ⁄^2
14151 64
Nor. Pac.3s, 2047
(^7949)
1 ⁄^2
(^7346)
3 ⁄^4
85
1 ⁄^4
31
1 ⁄^2
94
3 ⁄^4
32
3 ⁄^4
37
1 ⁄^4
TABLE 8-1 Fluctuations in Bond Yields, and in Prices of Two Representative Bond Issues, 1902–1970
Bond Yields
Bond Prices