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On April 28 2019, Rockapack Corporation needed to raise money for future ventures and decided to issue $100 bonds with a 9% coupon and a
On April 28 2019, Rockapack Corporation needed to raise money for future ventures and decided to issue $100 bonds with a 9% coupon and a maturity date of April 28 2024. Today, April 29 2021, the bonds are trading at $10 under par and you buy one: If you keep the Rockapack bond to maturity what would be your return on investment?
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