Question
Bondholders' expected rate of return) The market price is $1000 for a 16-year bond ($1000 par value) that pays 8 percent interest (4 percent semiannually).
Bondholders' expected rate of return) The market price is $1000 for a 16-year bond ($1000 par value) that pays 8 percent interest (4 percent semiannually). What is the bond's expected rate of return? The bond's expected annual rate of return is
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Capital Markets Institutions And Instruments
Authors: Frank J. Fabozzi, Franco Modigliani
4th Edition
0136026028, 9780136026020
