Question
Jill purchases a 10-year zero coupon Bulldog bond with the par of 1 Million. The bond YTM is 4%. At the purchasing date, he converts
Jill purchases a 10-year zero coupon Bulldog bond with the par of 1 Million. The bond YTM is 4%. At the purchasing date, he converts the USD to using the dealers quote. At maturity, he converts at exchange rate of $1= 0.5475. Calculate his annual return for this investment, round to 4 decimal places.
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Focus On Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes, Melissa Hart
7th Edition
1265521972, 978-1265521974
