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You purchased a newly issued bond with 25 years to maturity, 7 percent coupon rate with annual coupon payments, and a face value of $1,000
You purchased a newly issued bond with 25 years to maturity, 7 percent coupon rate with annual coupon payments, and a face value of $1,000 one year ago. When you made the purchase, your required return on the bond was 8 percent. Today, you sold the bond after you received the latest coupon payment. If the required return on this bond was 6 percent when you sold it, how much did you receive by selling the bond? Round your answer to two decimal places. Enter your answer as a positive number. QUESTION 12 How many percent was your annual holding period return from the bond investment in the previous question? Round your answer to two decimal places
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