Question
A 17-year maturity, 10% coupon bond has a par value of $1,000 and semi-annual coupon payments. You hold the bond for 6 months, collect the
A 17-year maturity, 10% coupon bond has a par value of $1,000 and semi-annual coupon payments. You hold the bond for 6 months, collect the first coupon payment, and then sell the bond immediately. If the bond's yield-to-maturity is 4.1% when you sell it, what is your percentage return over this 6-month holding period?
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Public Finance Administration
Authors: B. J. Reed, John W. Swain
2nd Edition
0803974051, 978-0803974050
