Question
My question for my homework is as follows: You bought a bond five years ago for $935 per bond. The bond is now selling for
My question for my homework is as follows:
You bought a bond five years ago for $935 per bond. The bond is now selling for $980. It also paid $75 in interest per year, which you reinvested in the bond. Calculate the realized rate of return earned on this bond
I need help figuring out how to calculate the realized rate of return and cannot for the life of me find a formula or applicable instructions online.
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Contemporary Financial Management
Authors: R. Charles Moyer, James R. McGuigan, Ramesh P. Rao
14th edition
1337090581, 978-1337090582
