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Consider the following XYZ bond : current price 957 Euros, annual coupon rate of 2.6% (assume a face value of 1000 Euros). If you buy

Consider the following XYZ bond: current price 957 Euros, annual coupon rate of 2.6% (assume a face value of 1000 Euros).

If you buy 200 XYZ bonds and resell them 3 years later at a price of 998 Euros per bond, what will be your total profit over the 3 years? Assume that all coupons received were not reinvested, therefore did not earn additional interest.

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