Question
You bought a bond with 6% coupon rate, 10 year maturity, and $1000 par value for $1,056 one year ago. Today the bond has a
You bought a bond with 6% coupon rate, 10 year maturity, and $1000 par value for $1,056 one year ago. Today the bond has a price of $932. If you sell the bond today, what is your return on the investment?
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Foundations Of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
18th Edition
126409762X, 9781264097623
