Question
A bond with a face value of $1,000 sells for $1,250 at 1:00 a.m. today. It has a coupon rate of 12%, is paid semi-annually,
A bond with a face value of $1,000 sells for $1,250 at 1:00 a.m. today. It has a coupon rate of 12%, is paid semi-annually, and has a maturity of 7 years. You are asked to calculate the market rate of return on this bond.
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Lending Investments And The Financial Crisis
Authors: Elena Beccalli, Federica Poli
1st Edition
1349564982, 978-1349564989
