Business
Business, 20.12.2021 01:00, eddsworldfrantic

You purchased a 5-year annual interest coupon bond one year ago. Its coupon interest rate was 5% and its par value was $1,000. At the time you purchased the bond, the yield to maturity was 4%. If you sold the bond after receiving the first interest payment and the bond's yield to maturity had changed to 3%, your annual total rate of return on holding the bond for that year would have been approximately . 7.57% 7.64% 7.36% 7.48%

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You purchased a 5-year annual interest coupon bond one year ago. Its coupon interest rate was 5% and...

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