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Category > Accounting Posted 29 Apr 2017 My Price 5.00

Calculating Investment Returns

 

Problem 10-23 Calculating Investment Returns [LO 1]

You bought one of Rocky Mountain Manufacturing Co.%u2019s 8.75 percent coupon bonds one year ago for $1,051.80. These bonds make annual payments and mature eight years from now. Assume that you decide to sell your bonds today, when the required return on the bonds is 8.25 percent.

Required:

If the inflation rate was 3.8 percent over the past year, what would be your total real return on investment? (Do not include the percent sign (%). Enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

Total real return on investment %
 
 

Answers

Alpha Geek
(8)
Status NEW Posted 29 Apr 2017 10:04 AM My Price 5.00

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file 1493460954-Answer.docx preview (152 words )
P-----------rob-----------lem----------- 10------------23----------- Ca-----------lcu-----------lat-----------ing----------- In-----------ves-----------tme-----------nt -----------Ret-----------urn-----------s [-----------LO -----------1] ----------- Yo-----------u b-----------oug-----------ht -----------one----------- of----------- Ro-----------cky----------- Mo-----------unt-----------ain----------- Ma-----------nuf-----------act-----------uri-----------ng -----------Co.-----------%u2-----------019-----------s 8-----------.75----------- pe-----------rce-----------nt -----------cou-----------pon----------- bo-----------nds----------- on-----------e y-----------ear----------- ag-----------o f-----------or -----------$1,-----------051-----------.80-----------. T-----------hes-----------e b-----------ond-----------s m-----------ake----------- an-----------nua-----------l p-----------aym-----------ent-----------s a-----------nd -----------mat-----------ure----------- ei-----------ght----------- ye-----------ars----------- fr-----------om -----------now-----------. A-----------ssu-----------me -----------tha-----------t y-----------ou -----------dec-----------ide----------- to----------- se-----------ll -----------you-----------r b-----------ond-----------s t-----------oda-----------y, -----------whe-----------n t-----------he -----------req-----------uir-----------ed -----------ret-----------urn----------- on----------- th-----------e b-----------ond-----------s i-----------s 8-----------.25----------- pe-----------rce-----------nt.----------- R-----------equ-----------ire-----------d: ----------- If----------- th-----------e i-----------nfl-----------ati-----------on -----------rat-----------e w-----------as -----------3.8----------- pe-----------rce-----------nt -----------ove-----------r t-----------he -----------pas-----------t y-----------ear-----------, w-----------hat----------- wo-----------uld----------- be----------- yo-----------ur -----------tot-----------al
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