Determine the annualised return, including all its components, from the following bond transaction: a. on 27 April

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Determine the annualised return, including all its components, from the following bond transaction:

a. on 27 April 2023 you purchase $12.35m face value bond maturing

b. on 11 May 2031 which has a 2.2% coupon that is trading at a yield of 2.025% You sell this bond on 16 May 2023 at a yield of 2.095%

Related Book For answer-question

Intermediate accounting

ISBN: 978-0077647094

7th edition

Authors: J. David Spiceland, James Sepe, Mark Nelson

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Posted Date: Jun 22, 2023 06:15 AM

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Determine the annualised return, including all its components, from the following bond transaction: a. on 27 April

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Here are the details of the bond transaction Purchase date 27 April 2023 Purchase price 1235 million ... View the full answer

Intermediate accounting

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