Question
Short question Urgent!!!! Question 12 (9 marks) pleaseeeeee show the detail step.do not use like use excel can get out.. or use finance calculate can
Short question Urgent!!!!
Question 12 (9 marks) pleaseeeeee show the detail step.do not use like "use excel can get out.. or use finance calculate can get out..."
There is a ten-year coupon bond which has face value of $1000. The coupon rate is 4%, paid once every year. An investor bought this bond when it was first issued, when the prevailing rate of return on other assets is 5% per annum. After holding this bond for four years and receiving four coupon payments, s/he has decided to sell this bond on the market. At this time, the rate of return on other assets has dropped to 4.5% per annum. What is the total return s/he has made on this bond during these four years?
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