Question
Colwyn buys a 10% corporate bond with a current yield of 6%. When he sells the bond 1 year later, the current yield on the
Colwyn buys a 10% corporate bond with a current yield of 6%. When he sells the bond 1 year later, the current yield on the bond is 7%. How much did Col make on this investment?
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International Financial Reporting And Analysis
Authors: David Alexander, Ann Jorissen, Martin Hoogendoorn
8th Edition
978-1473766853, 1473766850
