Assume that on January 1, 2019, you bought a coupon bond with the following characteristics: Face value: $1000 Coupon rate: 7 3/8 Current yield: 6.5% If the bond is selling for 900 on January 1, 2020, then what was your rate of return on this bond during the holding period calendar year of 2019?

Answer rating: 100% (QA)

1Interest per year Face valueCoupon rate 1000598 737... View the full answer