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A 20-year maturity bond that pays interest of $90 once per year, has a yield to maturity of 10% and a face value of $1,000
A 20-year maturity bond that pays interest of $90 once per year, has a yield to maturity of 10% and a face value of $1,000 was issued five years ago. At the time, buy bought the bond at its intrinsic value and today, right after receiving the fifth annual payment, you decide to sell the bond at the market price of $910. Your holding period return will be________.
56.56%
22.63%
48.66%
31.16%
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