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Suppose the discount rate is 8%. You bought a 10-year, 3% coupon bond, 5 years after it is issued. After holding it for 3 years
Suppose the discount rate is 8%. You bought a 10-year, 3% coupon bond, 5 years after it is issued. After holding it for 3 years the discount rate changed to 7% and sold the bond right after the discount rate change. Assume par value is $1000 and semiannual coupons. What is your HPR? Please enter the answer as a percent with two decimal places for instance 55.55 for 55.55\%
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