Question: You bought a 1 0 - year zero - coupon bond with a face value of $ 1 , 0 0 0 and a yield
You bought a year zerocoupon bond with a face value of $ and a yield to maturity of EAR You keep the bond for years before selling it What is the rate of return HPR if the yield to maturity is when you sell the bond? What is the rate of return HPR if the yield to maturity is when you sell the bond?
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