Question
In 2008, you bought an XYZ general obligation bond with a6.0% coupon rate (semi-anual)maturing in 2020, at a price of 87.50, Par = 1,000.If you
In 2008, you bought an XYZ general obligation bond with a6.0% coupon rate (semi-anual)maturing in 2020, at a price of 87.50, Par = 1,000.If you sold the bond today (8 yrs later) at a Yield to Maturity of 5.0%, what was the annual return on your investment?
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Financial Markets And Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakins
9th Edition
0134519264, 9780134519265
