Question
You buy an 10-year $1,000 par value bond today that has a 7.00% yield and a 7.00% annual payment coupon. In 1 year promised yields
You buy an 10-year $1,000 par value bond today that has a 7.00% yield and a 7.00% annual payment coupon. In 1 year promised yields have risen to 8.00%. Your 1-year holding-period return was ___.
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes
11th International Edition
1259094901, 9781259094903
