Question
You buy an 10-year $1,000 par value bond today that has a 6% yield and a 6% annual payment coupon. In 1 year promised yields
You buy an 10-year $1,000 par value bond today that has a 6% yield and a 6% annual payment coupon. In 1 year promised yields have risen to 7%. Your 1-year holding-period return was ________.
| 13.11% | ||
| 11.48% | ||
| -13.25% | ||
| -8.79% |
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Financial Accounting A Focus On Interpretation And Analysis
Authors: Richard F Kochanek, A Douglas Hillman
7th Edition
1111061750, 9781111061753
