Question
You buy a(n) five-year bond that has a 4.00% current yield and a 4.00% coupon (paid annually). In one year, promised yields to maturity have
You buy a(n) five-year bond that has a 4.00% current yield and a 4.00% coupon (paid annually). In one year, promised yields to maturity have risen to 5.00%. What is your holding-period return?
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Capital As Power
Authors: Jonathan Nitzan, Shimshon Bichler
1st Edition
0415496802, 978-0415496803
