Suppose you bought a bond a year ago for $993.47. The bond has a price of $949.4 today. It just paid a coupon of $48.79. What was your total return (in percent) over the last year? Answer to two decimals

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter4: Bond Valuation
Section: Chapter Questions
Problem 4MC
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Suppose you bought a bond a year ago for $993.47. The bond has a price of $949.4 today. It just paid a coupon of $48.79. What was your total return (in percent) over the last year?

Answer to two decimals

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