Suppose you bought the 8.5% coupon NII Capital Corp. bond maturing in 8 years one year ago

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Suppose you bought the 8.5% coupon NII Capital Corp. bond maturing in 8 years one year ago for $550 and sold it one year later for $700. Assume semi-annual coupons and compounding.

What return would you have earned on that investment? (Enter as a decimal. For example, if your answer was 12.34%, you would enter 0.1234)

Related Book For answer-question

Corporate Finance Core Principles and Applications

ISBN: 978-0077905200

3rd edition

Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford

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Posted Date: May 17, 2024 04:13 PM

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Suppose you bought the 8.5% coupon NII Capital Corp. bond maturing in 8 years one year ago

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Corporate Finance Core Principles and Applications

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