Question
Suppose you buy a 7.2 percent coupon bond today for $1,140. The bond has 10 years to maturity. a. What rate of return do you
| Suppose you buy a 7.2 percent coupon bond today for $1,140. The bond has 10 years to maturity. |
| a. What rate of return do you expect to earn on your investment? b. Two years from now, the YTM on your bond has increased by 2 percent, and you decide to sell. What price will your bond sell for? |
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Public School Finance Decoded
Authors: Jay C. Toland
1st Edition
1475827679, 978-1475827675
