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Rudy purchased a 7.5% coupon rate bond one year ago for its face value of $100. He bought the bond just after the coupon
Rudy purchased a 7.5% coupon rate bond one year ago for its face value of $100. He bought the bond just after the coupon date. Yesterday the bond paid its annual coupon. The bond currently has 15 years until maturity and has a yield to maturity of 9.44%. If Rudy sells the bond today, then what is his return for the last year?
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Fundamentals Of Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
13th Edition
1265553602, 978-1265553609
