Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

An investor purchased a bond 45 days ago for $985. He received $30 in interest and sold the bond for $980. What is the holding-period

An investor purchased a bond 45 days ago for $985. He received $30 in interest and sold the bond for $980. What is the holding-period return on his investment? Round your answer to 4 decimal places. For example if your answer is 3.205%, then please write down 0.0321.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Mergers Acquisitions And Other Restructuring Activities

Authors: Donald DePamphilis

10th Edition

0128150750, 978-0128150757

More Books

Students also viewed these Finance questions

Question

Understand the role of employer branding in talent management.

Answered: 1 week ago