Question
You buy a ten-year bond that has a 7.75% current yield and a 7.75% coupon (paid annually). In one year, promised yields to maturity have
You buy a ten-year bond that has a 7.75% current yield and a 7.75% coupon (paid annually). In one year, promised yields to maturity have risen to 8.75%. What is your holding-period return? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Holding-period return %
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The Concepts And Practice Of Mathematical Finance
Authors: Mark S. Joshi
1st Edition
0521823552, 9780521823555
