A 10-year corporate bond is issued on 1/6/18 with a face value of $100 and a coupon
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Question:
A 10-year corporate bond is issued on 1/6/18 with a face value of $100 and a coupon of 2% pa (paid semi-annually with coupons paid on May 31 and November 30). On 6/4/19 Hannah buys this bond at a yield of 2% pa and she sells it on 20/5/19 at a yield of 3% pa. What has her annual return been?
Related Book For
Intermediate Accounting
ISBN: 978-0324300987
10th Edition
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
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