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need help with this Last year, you purchased a $1,000 par value bond with a 7% annual coupon and a 20-year maturity. At the time
need help with this
Last year, you purchased a $1,000 par value bond with a 7% annual coupon and a 20-year maturity. At the time of the purchase, it had an expected YTM of 7.5%. After receiving the coupon, you sold the bond today for $930. What is your return rate in one year? (Hint: find out how much did you pay for the bond last year?) Select one: a. 3.27% Ob 9.18% Oc10.64% Od 5.37% O e. 2.04% Step by Step Solution
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