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You buy a 10.125% semi-annual bond maturing in exactly 16 years at 105.1620. You hold the bond for 9 years. Then you sell the bond
You buy a 10.125% semi-annual bond maturing in exactly 16 years at 105.1620. You hold the bond for 9 years. Then you sell the bond at 103.0335.
Your holding period yield on this investment is:___?___%
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Basic Finance An Introduction to Financial Institutions Investments and Management
Authors: Herbert B. Mayo
10th edition
1111820635, 978-1111820633
