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PLEASE HELP! I'm so confused ... You buy a 20-year bond with a coupon rate of 9.4% that has a yield to maturity of 10.4%.
PLEASE HELP! I'm so confused ...
You buy a 20-year bond with a coupon rate of 9.4% that has a yield to maturity of 10.4%. (Assume a face value of exist1,000 and semiannual coupon payments.) Six months later, the yield to maturity is 11.4%. What is your return over the 6 months? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Negative amount should be indicated by a minus sign.) Rate of return %Step by Step Solution
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