A $1000-face-value bond has a 10% coupon rate, its current price is $960, and its price is
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A $1000-face-value bond has a 10% coupon rate, its current price is $960, and its price is expected to increase to
$980 next year. Calculate the current yield, the expected rate of capital gain, and the expected rate of return.
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Related Book For
The Economics Of Money Banking And Financial Markets
ISBN: 978-0134376936
6th Canadian Edition
Authors: Frederic S Mishkin ,Apostolos Serletis
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