Question
Bobby Dean purchased a 12-year, 8% coupon bond for 1,185. Interest is paid annually. One year later, he sells the bond for $1,019. What is
Bobby Dean purchased a 12-year, 8% coupon bond for 1,185. Interest is paid annually. One year later, he sells the bond for $1,019. What is his capital gains yield on this bond?
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Financial Management In The Sport Industry
Authors: Matthew T Brown, Daniel Rascher, Mark S Nagel, Chad Mcevoy
1st Edition
1934432040, 978-1934432044
