Answered step by step
Verified Expert Solution
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
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started