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Category > Business & Finance Posted 19 May 2017 My Price 9.00

Suppose

 

Suppose that on January 1, 2011, you purchased a coupon bond with the following characteristics:

 

Face value: $1,000

Coupon rate: 8 3/8

Current yield: 7.5%

Maturity date: 2015

If the bond is selling for $850 on January 1, 2012, then what was your rate of return on this bond during the holding period of calendar year 2011?

 

 

 

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Status NEW Posted 19 May 2017 12:05 PM My Price 9.00

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