Winner of The Letter Review Prize for Unpublished Books SPRING 1. In the beginning was C/r. If a bond pays a periodic payment of C in perpetuity, its value is cash flow divided by the interest rate. Assume yearly payments of $100 and an interest rate of 5%. That bond is worth $100/.05, or $2,000. Every other cash-flow … Read more
The Cantacuzene Family Crest (Quae Nocent Docent – What Harms, Teaches) Winner of The Letter Review Prize for Unpublished Books PROLOGUE The Waters Off Greenland September 1899 The steamship surges forward, its prow lifting and falling over the swells of the North Atlantic. At each new wave, the ship hesitates and shudders, leaning backward towards America, … Read more
Winner of The Letter Review Prize for Unpublished Books I.I The first eight years of Dai’s life smelled like stone. Like the smoky musk of sunbaked battlements and the salty nip of sea-soaked tunnels. And they smelled like gonalei, the roots of the bone white gona flower that grew in abundance at the base of … Read more