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Given the following information, determine the bond's total rate of return. 9.00% 11.64% 10.88% Maturity 10 years Stated rate 8.5% Yield 9% Reinvestment rate 8%
Given the following information, determine the bond's total rate of return.
9.00%
11.64%
10.88%
| Maturity | 10 years |
| Stated rate | 8.5% |
| Yield | 9% |
| Reinvestment rate | 8% |
| Par value | 100 |
| Price sold at 4 years after | 108 |
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Intermediate Financial Management
Authors: Eugene F. Brigham, Phillip R. Daves
11th edition
978-1111530266
