Question
You buy a 15-year 10 percent annual coupon bond at par value, $1,000. You sell the bond two years later for $980. What is your
You buy a 15-year 10 percent annual coupon bond at par value, $1,000. You sell the bond two years later for $980. What is your rate of return over this two-year period?
Group of answer choices
18%
40%
28%
10%
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Auditing A Business Risk Approach
Authors: Karla Johnstone, Audrey Gramling, Larry Rittenberg
8th edition
978-0538476232
