Question
Suppose that today you buy a coupon bond with 9 percent annual coupon rate for $1,000. The bond has 12 years to maturity. One years
Suppose that today you buy a coupon bond with 9 percent annual coupon rate for $1,000. The bond has 12 years to maturity. One years from now, the yield to maturity has declined to 7 percent and you decide to sell. What is your holding period return?
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Money Banking And Financial Markets
Authors: Stephen Cecchetti, Kermit Schoenholtz
6th Edition
1260226786, 9781260226782
