Question
Rosita purchased a bond for $990.23. She sold the bond for $1,002.45 after 6 months and earned a total return of 4.90% on this investment.
Rosita purchased a bond for $990.23. She sold the bond for $1,002.45 after 6 months and earned a total return of 4.90% on this investment. Suppose this bond has semiannual interest payments, then what should be the coupon rate of it?
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Finance Applications And Theory
Authors: Marcia Cornett, Troy Adair, John Nofsinger
2nd Edition
0073530670, 9780073530673
