Question
An investor purchases a 30-year, zero-coupon bond with a face value of $5,000 and a yield to maturity of 9%. He sells this bond
An investor purchases a 30-year, zero-coupon bond with a face value of $5,000 and a yield to maturity of 9%. He sells this bond ten years later. What is the rate of return on his investment, assuming yield to maturity does not change? OA. 7.2% OB. 9% C. 4.5% OD. 5.4% +
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Analysis for Financial Management
Authors: Robert Higgins
11th edition
77861787, 978-0077861780
