Question
Two years ago, Bob purchased a 20 year $1,000 par value zero-coupon bond for $311.80. If today (with 18 years to maturity) the bond is
Two years ago, Bob purchased a 20 year $1,000 par value zero-coupon bond for $311.80. If today (with 18 years to maturity) the bond is priced to yield at 4.75%, what is his annualized return if he sells the bond. Please round your answer 2 decimal places.
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Basic Finance An Introduction To Financial Institutions Investments And Management
Authors: Herbert B. Mayo, Michael J Lavelle
13th Edition
0357714741, 978-0357714744
