One year ago you purchased an annual coupon bond for 81784


One year ago, you purchased an annual coupon bond for $817.84. At that time the bond had a maturity of 15 years, a face value of $1,000, a coupon rate of 5%, and a yield to maturity of 7%. One year later, the yield to maturity increased to 7.5%. What is the total rate of return for the year?

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Financial Management: One year ago you purchased an annual coupon bond for 81784
Reference No:- TGS01560267

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