Question
Manama Industries issued 20-year, 12% coupon bonds 5 years ago, at par. Three years ago, you purchased one of their bonds when it was yielding
Manama Industries issued 20-year, 12% coupon bonds 5 years ago, at par. Three years ago, you purchased one of their bonds when it was yielding 6%. Today the yield-to-maturity (YTM) on these bonds is 13%. What is your Capital gains (losses) yield if you sell your bond today?
- 12.00%
- 24.00%
- -36.98%
- -44.50%
- None of the above, the answer is ______________%.
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The How To Use Bitcoin Primer Easy To Read All Information No Fluff
Authors: Alison Avery
1st Edition
979-8395514882
