If you had subscribed to a 7-year Bond with a face value of Rs 100 and carrying an interest rate of 10% and you needed to sell the Bond at the end of one year at a price of Rs 110, with the help of a xl spread sheet, please calculate the yield at which you sold the Bond

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter6: Fixed-income Securities: Characteristics And Valuation
Section: Chapter Questions
Problem 8P
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If you had subscribed to a 7-year Bond with a face value of Rs 100 and carrying an interest rate of 10% and you needed to sell the Bond at the end of one year at a price of Rs 110, with the help of a xl spread sheet, please calculate the yield at which you sold the Bond
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