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You purchased a 5-year annual interest coupon bond one year ago. Its coupon interest rate is 5% and its par value was $1000. At the
You purchased a 5-year annual interest coupon bond one year ago. Its coupon interest rate is 5% and its par value was $1000. At the time that you purchased the bond, the YTM was 4%. If you sold the bond after receiving the first interest payment and the bond's YTM had changed to 7%, your annual total rate of return on the holding the bond for that year would have been ______. ** Please help showing which functions go into a financial calculator. i/r= ? FV= ? N= ? PV= ?
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