Question
1.Please answer the following Question,, QUESTION 1 Two years ago, the price of a bond was $926.00, and one year ago, the price of the
1.Please answer the following Question,,
QUESTION 1
Two years ago, the price of a bond was $926.00, and one year ago, the price of the bond was $984.00. Over the past year, the bond paid a total of $68.00 in coupon payments, which were just paid. If the bond is currently priced at $957.00, then what was the rate of return for the bond over the past year (from 1 year ago to today)? The par value of the bond is $1,000.
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The Complete Personal Finance Handbook
Authors: Teri B Clark
1st Edition
160138047X, 978-1601380470
