Question
The nominal rate of return is ______% earned by an investor in a bond that was purchased for $941, has an annual coupon of 5%,
The nominal rate of return is ______% earned by an investor in a bond that was purchased for $941, has an annual coupon of 5%, and was sold at the end of the year for $1022? Assume the face value of the bond is $1,000.
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Principles Of Finance
Authors: Scott Besley, Eugene F. Brigham
2nd Edition
003034509X, 9780030345098
