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Marco recently acquired a bond valued at $1,100 with a 4.91% coupon rate bought at par. If he sells it one year later for $87
Marco recently acquired a bond valued at $1,100 with a 4.91% coupon rate bought at par. If he sells it one year later for $87 above the purchase price, what is the rate of return in percentage? (The answer should be rounded to TWO (2) decimals without the % sign.) Your Answer:
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Risk Management And Financial Institutions
Authors: John Hull
1st Edition
0132397900, 9780132397902
