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Three years ago Icahn spent $1000 to purchase a 12-year, $1000 par-value T- bond with a 1.5% annual coupon. Today the bond's YTM 1%. If
Three years ago Icahn spent $1000 to purchase a 12-year, $1000 par-value T- bond with a 1.5% annual coupon. Today the bond's YTM 1%. If Cramer holds this bond to maturity, what internal rate of return will he earn on this investment? Select one: O a. 0.5% O b. 3.5% O c. 2.5% O d. 1.5%
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