Consider a bond with the following features: Exactly 7 years to maturity 6% coupon rate, paid semi-annually

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Consider a bond with the following features:

•Exactly 7 years to maturity

•6% coupon rate, paid semi-annually

•8% yield to maturity •$100 par value

Suppose you hold the bond until maturity and its yield does not change.

What will be your annualized rate of return?

Related Book For answer-question

Financial Markets And Institutions

ISBN: 978-0132136839

7th Edition

Authors: Frederic S. Mishkin, Stanley G. Eakins

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Posted Date: Apr 03, 2023 04:39 AM

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Consider a bond with the following features: Exactly 7 years to maturity 6% coupon rate, paid semi-annually

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The annualized rate of return is the rate of return earned on an investment over its entire life To ... View the full answer

Financial Markets And Institutions

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