Question
Six months ago, Fred bought a bond for $1323.00. The price of the bond is currently $1364.19. The bond has a face value of $2000
Six months ago, Fred bought a bond for $1323.00. The price of the bond is currently $1364.19. The bond has a face value of $2000 and a coupon rate of 7.21% and it pays semi-annual coupons, with the most recent coupon having just been paid. What were Fred's percentage return over the past 6 months (from 6 months ago to today)?(Round the value to 100th decimal and Please enter the value only without converting it to a decimal format. If the answer is 8.55%, enter 8.55)
QUESTION 2 Bonds issued by Patriot Theaters were priced at $972.00 twelve months ago and $976.00 six months ago and are priced at $992.42 today. The bonds have a face value of $3000, pay semi-annual coupons, and just made a coupon payment. The bonds had a percentage return over the past six months (from 6 months ago to today) of 7.00%. What is the coupon rate of the bonds?(Round the value to 100th decimal and Please enter the value only without converting it to a decimal format. If the answer is 8.55%, enter 8.55)
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