Last year you purchased a 1000 par value bond with a 75


Last year, you purchased a $1,000 par value bond with a 7.5% annual coupon and a 20-year maturity. At the time of the purchase, it had an expected YTM of 8%. After receiving the coupon, you sold the bond today for $930. What is your return rate in one year?

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Financial Management: Last year you purchased a 1000 par value bond with a 75
Reference No:- TGS01209419

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