22. Rate of Return. A 2-year maturity bond with face value of $1,000 makes annual coupon pay-...
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22. Rate of Return. A 2-year maturity bond with face value of $1,000 makes annual coupon pay- ments of $80 and is selling at face value. What will be the rate of return on the bond if its yield to maturity at the end of the year is
a. 6%? (LO3)
b. 8%? (LO3)
c. 10%? (LO3)
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Related Book For
Fundamentals Of Corporate Finance
ISBN: 9780073382302
6th Edition
Authors: Richard A Brealey, Stewart C Myers, Alan J Marcus
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