Question
You purchased a bond on January 1, 2010 for $1,043. The bond has a $1,000 face value, a 7% annual coupon, and can be sold
You purchased a bond on January 1, 2010 for $1,043. The bond has a $1,000 face value, a 7% annual coupon, and can be sold for $922.33 on December 31, 2010. What is your percentage return on investment for the year?
Please show work.
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International Finance
Authors: Keith Pilbeam
3rd Edition
1403948372, 978-1403948373
