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As a bond fund manager, you are considering 1 0 - year corporate bonds issued by Mellon Bank ( MB ) . Each MB bond
As a bond fund manager, you are considering year corporate bonds issued by Mellon Bank MB Each MB bond has a $ par value with annual coupon rate. The coupons are paid semiannually. The estimated rate of return on MB bond is One year later, the yield increases to What is your holding period return of the bOnd? I know the correct answer is but please show me each step to get this solution!
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