Question
A 13 year bond with a YTM of 7% sells for Par. If you buy the bond today and then sell it next year at
A 13 year bond with a YTM of 7% sells for Par. If you buy the bond today and then sell it next year at a YTM of 6%, what is your rate of return on this investment? Answer to 4 decimal places, for example 0.1745.
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The Oxford Handbook Of IPOs
Authors: Douglas Cumming, Sofia Johan
1st Edition
0190614579, 978-0190614577
