Last year joan puchased a pound100 face value corporate, Financial Management

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Last year joan puchased a pound100 face value corporate

Last year Joan puchased a £100 face value corporate bond with an 13.84 percent annual coupon rate and a 3 year matuiry. At the time of the purchase, it had an expected yield to maturity of 12.21 percent. if joan sold the bond today for £106.18, what rate of return would she have earned for the past year?

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Financial Management: Last year joan puchased a pound100 face value corporate

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Financial Management: Last year joan puchased a pound100 face value corporate

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