Foundations of Finance (9th Edition) (Pearson Series in Finance)
Foundations of Finance (9th Edition) (Pearson Series in Finance)
9th Edition
ISBN: 9780134083285
Author: Arthur J. Keown, John D. Martin, J. William Petty
Publisher: PEARSON
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Chapter 7, Problem 25SP

(Expected rate of return) Assume you own a bond with a market value of $820 that matures in 7 years. The par value of the bond is $1,000. Interest payments of $30 are paid semiannually. What is your expected rate of return on the bond?

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Foundations of Finance (9th Edition) (Pearson Series in Finance)

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