Question
Suppose you purchase a 10-year bond with 6.2% annual coupons. You hold the bond for four years and sell it immediately after receiving the fourth
Suppose you purchase a 10-year bond with 6.2% annual coupons. You hold the bond for four years and sell it immediately after receiving the fourth coupon. If the bond's yield to maturity was 4.6% when you purchased and sold the bond. What is the annual rate of return of your investment?
The annual rate of return of your investment is ___%?(Round to one decimal place.)
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The Ultra High Net Worth Bankers Handbook
Authors: Heinrich Weber, Stephan Meier
1st Edition
1905641753, 978-1905641758
