Question
An 8-year corporate bond sold to an investor at par ($1000) with a 10 percent coupon rate is called four years later at par plus
An 8-year corporate bond sold to an investor at par ($1000) with a 10 percent coupon rate is called four years later at par plus one year's coupon income. What is his 4-year holding period yield?
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Advanced Financial Accounting
Authors: Richard Lewis, David Pendrill
7th Edition
0273658492, 978-0273658498
