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One year ago, you purchased a 10-year 8% annual coupon bond at par of $1,000, and today, the bond is priced to yield 6%. If
One year ago, you purchased a 10-year 8% annual coupon bond at par of $1,000, and today, the bond is priced to yield 6%. If you sell the bond today, what is your total return for the 1-year holding period?" This is a 2-step problem where you first need to calculate the bond price today, and then the total return (don't forget the coupon payment). Please provide steps on how to calculate using a financial texas BA II calculator. do not use excel. Thank you
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