Question
1.Anna bought a bond with a par value of $10,000 and a coupon rate of 8% at par. After a year, she was able to
1.Anna bought a bond with a par value of $10,000 and a coupon rate of 8% at par. After a year, she was able to sell her bond for $11,000. Calculate the rate of return on Anna's investment. What is the current yield and capital gain on her investment?
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Basic Economics
Authors: Frank V. Mastrianna
16th edition
1111826641, 978-0357706664, 978-1111826642
