A person has purchased a bond on June 21, 2018, at a price of Rs. 125. The bond has a face value of Rs. 100 and a coupon of 8% p.a. payable half-yearly on June 30 and December 31 of each year. He sold the bond on September 12, 2020, at a price of Rs. 108. Calculate the holding period of the bond.

Answer rating: 100% (QA)

To calculate the holding period of the bond we need to determine the time between the purchase date ... View the full answer