Question
You are considering purchasing a bond that pays annual interest of $469 per $10,000 of par value. The bond matures in one year, and at
You are considering purchasing a bond that pays annual interest of $469 per $10,000 of par value. The bond matures in one year, and at that time you will collect the par value and the interest payment. If you can purchase this bond for $ 9,540, what is the holding period return?
The HPR for this bond is %. (Enter as a percentage and round to two decimal places.)
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Financial Markets And Institutions
Authors: Anthony Saunders, Marcia Cornett
5th Edition
0078034663, 978-0078034664
