Question
An investor buys a 10-year, 12% coupon bond for $1,050, holds it for 2 years, and then sells it for $1,040. What was the investor's
An investor buys a 10-year, 12% coupon bond for $1,050, holds it for 2 years, and then sells it for $1,040. What was the investor's rate of return (par = $1,000)?
a
18.7%
B.
21.9%
C.
7.00%
D.
10.5%
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Foundations Of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
17th Edition
126001391X, 978-1260013917
