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Suppose the discount rate is 10%. You bought a 10-year, 8% coupon bond with 7 years after it is issued. After holding it for 2
Suppose the discount rate is 10%. You bought a 10-year, 8% coupon bond with 7 years after it is issued. After holding it for 2 years, the discount rate changed to 12% and sold the bond right after the discount rate change. What is your HPR (Assume par value is $1000 and semiannual coupons)? SHOW EXCEL FORMULAS PLEASE Thanks.
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