Question
You bought a 5 year 10% coupon bond at 975 and sold it for $980 after holding it for 3 years. (you received $100 coupon
You bought a 5 year 10% coupon bond at 975 and sold it for $980 after holding it for 3 years. (you received $100 coupon each year.) What is the annual rate of return?
A) = RATE (3,100,-975,980)
B) = RATE(5, 100, -975, 980)
C) = RATE (3,97.5,-975,980)
D) = RATE (5,100,975,980)
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Principles Of Finance
Authors: Scott Besley, Eugene F. Brigham
2nd Edition
003034509X, 9780030345098
