Question
You purchase a twenty year, 5% coupon bond with a face value of 100 at a yield-to-maturity of 5%. One year later you sell the
You purchase a twenty year, 5% coupon bond with a face value of 100 at a yield-to-maturity of 5%. One year later you sell the bond at a yield of 4.5%. What is your rate-of-return?
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
13th edition
978-1285027371, 128502737X, 978-1133541141
