Question
You purchased a bond 69 days ago for $891.26. You received an interest payment of $24.00 56 days ago. Today the bonds price is $884.89.
You purchased a bond 69 days ago for $891.26. You received an interest payment of $24.00 56 days ago. Today the bonds price is $884.89.
What is the holding period return (HPR) on the bond as of today? (Negative value should be indicated by a minus sign. Round your answer to 2 decimal places.)
HPR %
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Corporate Finance For Dummies
Authors: Michael Taillard
2nd Edition
1119850312, 978-1119850311
