Question
One year ago, and investor purcahsed a 10 year 8% annual coupon at a par of $1,000. Today (with 9 years to maturity) the bond
One year ago, and investor purcahsed a 10 year 8% annual coupon at a par of $1,000. Today (with 9 years to maturity) the bond is priced to yield at 7.00% If the bond is sold , what is the total return to the investor( interest plus appreciation) for the 1 year holding period. Please round your answer 2 decimal places.
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Capital As Power
Authors: Jonathan Nitzan, Shimshon Bichler
1st Edition
0415496802, 978-0415496803
