Question
A bond par value is $1,000 and the coupon rate is 4.1 percent. The bond price was $945.32 at the beginning of the year and
A bond par value is $1,000 and the coupon rate is 4.1 percent. The bond price was $945.32 at the beginning of the year and $975.43 at the end of the year. The inflation rate for the year was 2.1 percent. What was the bond's real return for the year?
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Fundamentals Of Corporate Finance
Authors: Richard A. Brealey, Marcus, Alan J, Myers, Stewart C.
2nd Edition
0070074860, 9780070074866
