Question
You buy a 6 year, 3.8%, $1,000 bond that pays interest semiannually that is selling for $944. You hold it for one year and then
You buy a 6 year, 3.8%, $1,000 bond that pays interest semiannually that is selling for $944. You hold it for one year and then sell it (maturity now 5 years). The YTM when you sell the bond is 3.8%. What was your Holding Period Return during the year you held the bond?
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Introduction to Managerial Accounting
Authors: Peter Brewer, Ray Garrison, Eric Noreen
7th edition
978-1259675539, 125967553X, 978-1259594168, 1259594165, 78025796, 978-0078025792
