You purchased a 12% coupon bond with a face value of $1,000, and 6 years to maturity

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You purchased a 12% coupon bond with a face value of $1,000, and 6 years to maturity a year ago for $975. If you sell it today for $985, what rate of return do you earn on your investment?

Posted Date: May 10, 2024 04:15 AM

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You purchased a 12% coupon bond with a face value of $1,000, and 6 years to maturity

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Expert Answer:

To calculate the rate of return on your investment in the 12 coupon bond we can use the following fo... View the full answer

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