Question
You buy a(n) eight-year bond that has a 6.75% current yield and a 6.75% coupon (paid annually). In one year, promised yields to maturity have
| You buy a(n) eight-year bond that has a 6.75% current yield and a 6.75% coupon (paid annually). In one year, promised yields to maturity have risen to 7.75%. What is your holding-period return? (Do not round intermediate calculations. Round your answer to 2 decimal places.) |
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Public Finance In Canada
Authors: Harvey Rosen, Beverly George Dahlby, Roger Smith, Jean-Francois Wen, Tracy Snoddon
3rd Canadian Edition
0070951659, 978-0070951655
