Question
Today, you buy a 12 year, 10% coupon bond for $980. One year later, you sell the bond when rates are 7%. What is your
Today, you buy a 12 year, 10% coupon bond for $980. One year later, you sell the bond when rates are 7%. What is your 1 year rate of return on this investment? Answer to 4 decimal places, for example 0.1043.
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Investments
Authors: Zvi Bodie, Alex Kane, Alan Marcus, Lorne Switzer, Maureen Stapleton, Dana Boyko, Christine Panasian
9th Canadian Edition
1259271935, 9781259271939
