You bought a bond five years ago for $829 per bond. The bond is now selling for
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Question:
You bought a bond five years ago for $829 per bond. The bond is now selling for $780. It also paid $60 in interest per year, which you reinvested in the bond. Calculate the realized rate of return earned on this bond. (Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16))
Related Book For
Financial Markets and Institutions
ISBN: 978-0077861667
6th edition
Authors: Anthony Saunders, Marcia Cornett
Posted Date: