Question
What would be your rate of return if you buy a 20-year, 7% coupon bond today for $1,100 and sell in one year later for
What would be your rate of return if you buy a 20-year, 7% coupon bond today for $1,100 and sell in one year later for $950 when the coupon is paid annually?
The correct answer is 7.27%. Can you show me how to get to the correct answer while using a financial calculator?
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The Handbook Of Financial Modeling
Authors: Jack Avon
1st Edition
1430262052, 978-1430262053
