Question
Suppose that you buy a semi-annual coupon bond with coupon rate of 4%; the market price of $821.231, and the time to maturity of 13
Suppose that you buy a semi-annual coupon bond with coupon rate of 4%; the market price of $821.231, and the time to maturity of 13 years. Three years from now, the YTM on your bond is expected to rise by 2.4%, and you plan to sell. What is the holding period yield (HPY) on your investment?
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Fundamentals of Investment Management
Authors: Geoffrey Hirt, Stanley Block
10th edition
0078034620, 978-0078034626
