Question
You buy an 9.7% coupon, paid annually, 12-year maturity bond for $955. A year later, the bond price is $1,015. Face value of the bond
You buy an 9.7% coupon, paid annually, 12-year maturity bond for $955. A year later, the bond price is $1,015. Face value of the bond is $1,000. What is the yield to maturity on the bond today? What is the yield to maturity on the bond in one year? What is your rate of return over the year?
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Glencoe Business And Personal Finance
Authors: McGraw-Hill
1st Edition
0021400202, 9780021400201
