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You buy an 8% coupon, 20-year maturity bond when its yield to maturity is 9%. A year later, the yield to maturity is 10%. What
You buy an 8% coupon, 20-year maturity bond when its yield to maturity is 9%. A year later, the yield to maturity is 10%. What is your rate of return over the year?
I got .4391% and I was told it was wrong, I even tried 43.91%, .44% and 44% just incase. I also tried 30.61%, and -4.2%
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