Question
On November 19, 2025, following quote appears in the newspaper for the same bond referred above in problem 1. On that day, you sell the
On November 19, 2025, following quote appears in the newspaper for the same bond referred above in problem 1. On that day, you sell the bond in the open market to Mary. Ignore commission.
ROG Coupon Maturity Last Yield Volume (in 000s)
7.24 (semi annually) Nov. 19, 2038 4.8% 1524.4
- What is Marys current yield? Provide the answer in percentage to 2-decimal place accuracy.
- What is the yield earned by you? Provide the answer in percentage to 2-decimal place accuracy.
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Focus On Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart
6th Edition
125991965X, 978-1259919657
