Exactly one year ago, you purchased a $100 par bond with a 4% coupon. At that time, you paid $96 of market value for the
Exactly one year ago, you purchased a $100 par bond with a 4% coupon. At that time, you paid $96 of market value for the bond. Today (one-year later), the bond is worth $102.
What is the percent return of the bond over one year? (assume annual compounding and coupon payments)
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Authors: Hal Scott, Anna Gelpern
21st Edition
1634602048, 978-1634602044
