You buy a 5-year, 8 percent coupon bond at par, $100, and hold it for three years.
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You buy a 5-year, 8 percent coupon bond at par, $100, and hold it for three years. When you sell the bond, the interest rate is 7 percent. What is the annualized holding period yield?
Related Book For
Contemporary Financial Management
ISBN: 9780324289114
10th Edition
Authors: James R Mcguigan, R Charles Moyer, William J Kretlow
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