You purchased a 5-year annual-interest coupon bond year agoIts coupon interest rate was 6%, and its par value was $1,000 At the time you purchased the bond, the 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 BLANK. Answer in percent form and round to 2 decimal places.
You purchased a 5-year annual-interest coupon bond year agoIts coupon interest rate was 6%, and its par value was $1,000 At the time you purchased the bond, the 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 BLANK. Answer in percent form and round to 2 decimal places.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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You purchased a 5-year annual-interest coupon bond year agoIts coupon interest rate was 6%, and its par value was $1,000 At the time you purchased the bond, the 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 BLANK.
Answer in percent form and round to 2 decimal places.
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