Question
You buy an 9-year $1,000 par value bond today that has a 6.60% yield and a 6.60% annual payment coupon. In 1 year promised yields
You buy an 9-year $1,000 par value bond today that has a 6.60% yield and a 6.60% annual payment coupon. In 1 year promised yields have risen to 7.60%. Your 1-year holding-period return was ___.
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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
14th edition
133879879, 978-0133879872
