Question
A bond par value is $1000 and the coupon rate is 4.9 percent. The bond price was $945.88 at the beginning of the year and
A bond par value is $1000 and the coupon rate is 4.9 percent. The bond price was $945.88 at the beginning of the year and $978.75 at the end of the year. The inflation rate for the year was 2.5 percent. What was the bond's real return for the year?
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Financial Management For Decision Makers
Authors: Peter Atrill
7th Edition
129201606X, 978-1292016061
