Business, 26.03.2021 23:20 mparra4761

You purchased a 5-year annual interest coupon bond one year ago. Its coupon interest rate was 6% and its par value was $1,000. At the time you purchased the bond, the yield to maturity was 4%. Suppose you decided sell the bond after receiving the first interest payment and the bond's yield to maturity had just changed to 3% , what would your annual total rate of return on holding the bond for that year have been approximately?

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You purchased a 5-year annual interest coupon bond one year ago. Its coupon interest rate was 6% and...

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