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Suppose you bought a bond with an annual coupon of 15 percent one year ago for $850. The bond sells for $925 today. Assuming a
| Suppose you bought a bond with an annual coupon of 15 percent one year ago for $850. The bond sells for $925 today. |
| Assuming a $1,000 face value, what was your total dollar return on this investment over the past year? |
| What was your total nominal rate of return on this investment over the past year? |
| If the inflation rate last year was 6 percent, what was your total real rate of return on this investment? |
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Financial Markets And Institutions
Authors: Frederic S. Mishkin, Stanley Eakins
6th Edition
0321374215, 9780321374219
