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A 5.70% fixed coupon bond is currently priced at $919 and matures in 25 years. What is this bond's total dollar return if purchased today,
A 5.70% fixed coupon bond is currently priced at $919 and matures in 25 years. What is this bond's total dollar return if purchased today, held to maturity and all coupons are reinvested at the yield to maturity.
Round to 2 decimal places.
know that All cash flows occur at the end of the period.
A bond's par value is S1,000 unless specified otherwise.
A bond's coupons are paid semi-annually unless specified otherwise.
All stated interest rates are annual unless specified otherwise.
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