A 3-year corporate bond is issued on 1/5/19 with a face value of $100 and a coupon of 2% pa (paid semi-annually with coupons paid on April 30 and October 31). On 2/7/19 Jessica buys this bond at a yield of 2% pa and she sells it on 28/8/19 at a yield of 2.4% pa. What has her annual return been?
A 3-year corporate bond is issued on 1/5/19 with a face value of $100 and a coupon of 2% pa (paid semi-annually with coupons paid on April 30 and October 31). On 2/7/19 Jessica buys this bond at a yield of 2% pa and she sells it on 28/8/19 at a yield of 2.4% pa. What has her annual return been?
Chapter13: Long-term Liabilities
Section: Chapter Questions
Problem 3EA: Krystian Inc. issued 10-year bonds with a face value of $100,000 and a stated rate of 4% when the...
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