Question
Suppose you buy an annual coupon bond with a coupon rate of 6% for $915. The bond has 10 years to maturity and a par
Suppose you buy an annual coupon bond with a coupon rate of 6% for $915.
The bond has 10 years to maturity and a par value of $1000.
YTM is 7.22%
Two years from now the YTM on your bond has declined by one percentage point, and you decide to sell.
What is the holding period yield on your investment?
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Financial Management For Decision Makers
Authors: Peter Atrill
8th Edition
129213433X, 978-1292134338
