Question
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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Financial Management Principles and Application
Authors: Arthur J. Keown, J. William Petty, David F. Scott, Jr.
10th edition
536514119, 536514110, 978-0536514110
