Question
You buy an 9% coupon, paid annually, 9-year maturity bond for $940. A year later, the bond price is $1,050. Face value of the bond
You buy an 9% coupon, paid annually, 9-year maturity bond for $940. A year later, the bond price is $1,050. Face value of the bond is $1,000.
What is the yield to maturity on the bond today?(Round your answer to 2 decimal places.)
What is the yield to maturity on the bond in one year?(Round your answer to 2 decimal places.)
What is your rate of return over the year?(Round your answer to 2 decimal places.)
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, Srikant M. Datar, Madhav V. Rajan
15th edition
978-0133428858, 133428850, 133428702, 978-0133428704
