What is the rate of return for an investor who pays $1,039.71 for a three year bond with a 8% coupon paid annually and a face value of $1,000 and sells the bond one year later for $1,020.04? Enter your answer as a percentage. Do not include the percentage sign in your answer.

Enter your response below.Enter your answer to 2 DECIMAL PLACES.

%

Answer rating: 100% (QA)

So the rate of return for the investor is 2119 To calculate the rate of return or ... View the full answer