Business
Business, 02.11.2020 16:50, angie249

Last year, you purchased a $1,000 par value bond with a 7.5% annual coupon and a 20-year maturity. At the time of the purchase, it had an expected YTM of 8%. After receiving the coupon, you sold the bond today for $939.05. What is your return rate in one year? (Hint: find out how much did you pay for the bond last year?)

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Last year, you purchased a $1,000 par value bond with a 7.5% annual coupon and a 20-year maturity. A...

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