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50) An investor purchases a Eurobond for 108.93 and sells it one year later at 107.30. The bond pays an annual coupon of 6%
50) An investor purchases a Eurobond for 108.93 and sells it one year later at 107.30. The bond pays an annual coupon of 6% and has 10 years until maturity. If the par value of the bond is 30,000 euros, what is the rate of return on the bond over year?
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Essentials Of Investments
Authors: Zvi Bodie, Alex Kane, Alan J. Marcus
7th Edition
0073368717, 978-0073368719
