Business
Business, 06.12.2019 00:31, krystalhurst97

You purchased a 5-year annual interest coupon bond one year ago. its coupon interest ratewas 6% and its par value was $1,000. at the time you purchased the bond, the yieldto maturity was 4%. if you sold the bond immediately after receiving the first interestpayment and the bond's yield to maturity had changed to 3%, your annual total rate ofreturn on holding the bond for that year would have been ) 5.0%b) 5.5%c) 7.6%d) 9.0%

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